French integrated oil and gas company Total has appointed Italian Marco Pannunzio as the new managing director of Total Romania.

Pannunzio will take over the new position on December 1, replacing Franck Haettel, who will take over the global position of security coordinator for the Marketing & Service branch of Total in Paris.

Marco Pannunzio, 53, joined Total Group in 1985, working in the Group for more than 31 years. He held various positions within Total Group, including retail manager Total UK, commercial sales director Total Italy SPA, president & CEO Totalgaz SPA and Bitumec SRL, and specialties director Totalerg SPA in Italy.

Before joining the Romanian team, he was the general manager of Central Europe Hub, managing the marketing activities and its affiliates of Total in the Czech Republic, Slovakia, and Hungary.

“As a Managing Director of Total Romania, I’ll focus, in the beginning, on taking the progress reached by my predecessors even further. It will be a challenge, because Total Romania has performed well in the last years, the company had a solid ground in Romania, reaching a leading position in lubricant sales in Romania and well developing the activity of bitumen, but thanks to the support of my team, I am sure we can reach our new targets of development,” Marco Pannunzio said.

Total Romania was founded in 2005 as a joint venture between Total (France) and Lustic (Romania), the initial name of the company being Total Lubrifin. Nowadays, the company with the head offices in Cristian, Brasov county, holds a blending plant in Cristian and a bitumen depot in Ozun, Covasna county.

Last year, Total Romania recorded a turnover of EUR 60 million and a net profit of EUR 1.4 million. The company has 120 employees.

Irina Popescu, irina.popescu@romania-insider.com