Top Five largest Romanian companies led by women

Despite ranking high for the share of businesses owned by women, Romania does not have many women leading large companies locally. Here’s the top 5.

A recent study placed Romania in top ten countries with highest shares of businesses owned by women, with almost 29% of all local businesses having women as owners.

However, there are not many women leading top companies in Romania. Here are the five largest companies in Romania led by women and the CEOs that run them.

05. Mariana Gheorghe, CEO – OMV Petrom

Mariana Gheorghem has been the CEO of Romanian oil and gas group OMV Petrom, the biggest subsidiary of Austrian group OMV, since June 2006. She is due to soon hand the helm over to another woman, British executive Christina Verchere.

Mariana Gheorghe, 62, graduated from the Academy of Economic Studies, International Relations in 1979, the University of Bucharest, Law School in 1989, and London Business School, Corporate Finance evening program in 1995.

Throughout her career, Mariana Gheorghe worked with several Romanian companies as well as the Ministry of Finance. Before being appointed CEO of OMV Petrom, she worked for the EBRD in London between 1993 and 2006, where she held various banking positions with a geographical focus on Southeastern Europe and the Caucasus Region, ultimately as Senior Banker.

In early January this year, OMV Petrom announced that its Supervisory Board appointed 46-year old British executive Christina Verchere (pictured left) as the new President of the Executive Board and Chief Executive Officer (CEO). Verchere is thus to replace Mariana Gheorghe, who will step down by May 20, at the latest.

Christina Verchere has left Jakarta, where she was the Regional President of the Asia Pacific region for British oil group BP, to come to Bucharest and take the helm of Romania’s biggest oil and gas group. Read more about the top management change at OMV Petrom here.

OMV Petrom recorded a consolidated net profit of RON 2.49 billion (EUR 545 million) in 2017, up by 139% compared to the previous year. The group’s turnover went up by 17%, to RON 19.4 billion (EUR 4.25 billion).

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