Changes in Holde Agri Invest’s management team – Bogdan Serghiescu appointed as CEO, Adrian Pirciu returns as CFO

Holde Agri Invest SA, one of Romania’s largest agricultural land operators, announces new changes within its management team, confirming Bogdan Serghiescu as Chief Executive Officer (CEO) and appointing Adrian Pirciu as Chief Financial Officer (CFO).

“The past few months have brought significant changes to Holde Agri Invest’s leadership structure in response to a challenging economic and operational environment for Romania’s agricultural sector. The confirmation of Bogdan Serghiescu as CEO and the return of Adrian Pirciu as CFO mark a pivotal moment for the company. We are confident that their extensive experience and deep understanding of Holde’s operational realities will be the foundation on which we build the financial and operational recovery of the group. It is essential to have a strong management team in place, able to implement effective solutions and steering the company back on a growth trajectory with a reinforced focus on efficiency,” stated Leonard Leca, member of Holde Agri Invest’s Board of Directors.

Bogdan Serghiescu, who served as interim CEO from September 2024 to January 2025, will continue leading the group as CEO. With over 20 years of experience in operational and financial management, he has been part of Holde Agri Invest since 2019, successively holding the positions of Financial Manager and Deputy CEO. Over time, he has played a key role in securing a EUR 35 million syndicated loan, essential for supporting the company’s operations.

“Taking on this long-term mandate comes with the responsibility of guiding Holde Agri Invest through a period marked by significant challenges. Our priority remains optimizing operations and implementing solutions that will stabilize the company in the medium term while creating a strong foundation for long-term growth. We will focus on improving agricultural productivity, reducing operational costs, and diversifying financing sources to strengthen the company’s position in Romania’s agricultural market,” stated Bogdan Serghiescu, CEO of Holde Agri Invest.

Adrian Pirciu, who previously served as CFO from August 2021 to January 2024, is rejoining the group in this role. With more than 25 years of experience in finance, accounting, and business, Adrian Pirciu will oversee Holde Agri Invest’s financial strategy, with the primary goal of ensuring the group’s financial stability and implementing efficient resource management policies.

“Returning to Holde Agri Invest gives me the opportunity to once again contribute to the company’s financial strategy. Considering the difficult economic conditions in the agricultural sector, my priority is to secure the financial stability of the group and continue strengthening our relationships with financial partners. Through a clear strategy and financial discipline, we aim to build a solid foundation for the company’s future growth, ensuring transparency and predictability for our investors and shareholders,” stated Adrian Pirciu, CFO of Holde Agri Invest.

Bogdan Lungu, who served as CFO between October 2024 and January 2025, will take on the role of Shareholders’ Representative, continuing to contribute to the company’s strategic development.

Holde Agri Invest, a company listed on the AeRO market of the Bucharest Stock Exchange, continues to implement measures aimed at improving operational efficiency and supporting long-term growth. In January of this year, SevenX Ventures increased its stake in Holde Agri Invest, while Leonard Leca, a member of Holde’s Board of Directors and an investor in SevenX Ventures, raised his stake in SevenX Ventures to 71%, leading to a reduction of Vertical Seven Group’s holding in the same fund to 10%. This increased support from Leonard Leca highlights his long-term confidence in the outlook of Romania’s agricultural industry and in Holde Agri Invest’s potential to achieve positive growth and establish itself as a key player in Romanian agriculture.

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About Holde Agri Invest

Holde Agri Invest is a company initiated by a group of Romanian entrepreneurs with the objective of developing it to become a leader in the field of agriculture in Romania. Founded in 2018, the company operates over 16,300 hectares of farmland, organized into five cores – Rosiori farm located in Rosiori de Vede (Teleorman county), Frumusani (Calarași county), Videle (Teleorman county), Contesti (Dambovita county) and Salcia (Braila County). As of October 2020, Holde Agri Invest is a public company listed on the AeRO market of the Bucharest Stock Exchange with the symbol HAI. As of October 2021, the company is included in the BET-AeRO index of BVB.