Lucian Penes is the CFO of Distributie Energie Electrica Romania

Distributie Energie Electrica Romania (DEER) announces the appointment of Lucian Penes as new chief financial officer (CFO). With a professional experience of over 24 years in the financial sector, Lucian Penes, through his new position, is responsible for the financial activity of Distributie Energie Electrica Romania.

Graduate of the Academy of Economic Studies and an M.B.A. at the University of Sheffield, Lucian Penes has held top management positions in major companies, nationally and internationally, gaining expertise in financial management, reporting and financial-accounting analysis, as well as financial consulting.

“I am happy to contribute, through this role, to the development strategy of the company, of the most important electricity distribution operator in Romania. The priorities offered by this position aim at aligning the company’s strategy with the principles of financial profitability, improving financial processes to ensure business continuity and aligning them with the company’s operational needs, ensuring an integrated image of the company’s performance and value (correlated with shareholders’ perspective and the economic market in which the company operates),” said Lucian Penes, DEER Chief Financial Officer.

“We are happy to have a colleague in the DEER team with Lucian’s experience and expertise, and I am convinced that his coming to the company’s executive management will bring the added value we needed in achieving the company’s strategic objectives,” said Mihaela Rodica Suciu, general manager DEER.

Distributie Energie Electrica Romania (DEER), part of the Electrica Group, is the most important national electricity distribution operator, covering 18 counties, from three geographical areas, representing 40.7% of Romania’s territory.

The company operates in the counties of Alba, Bihor, Bistrița-Nasaud, Brasov, Braila, Buzau, Cluj, Covasna, Dâmbovița, Galați, Harghita, Maramures, Mures, Prahova, Satu Mare, Sibiu, Salaj and Vrancea, offering services for over 3.8 million users, through a distribution network of about 201,082 kilometers.