ROMANIA/INTERNATIONAL. Marius Vacalau has been promoted to CEO of Lagardère Travel Retail Romania, effective 1 November 2019. He replaces Stefan Picard, who becomes Executive Vice President Commercial Development & Transformation of Duty Free Global, which is part of the Lagardère Group.
Vacalau has been part of the Lagardère Travel Retail Romania management team for the past 12 years and has served as COO since 2011.
Picard joined Lagardère Group in 1996. He became Lagardère Travel Retail Romania CEO in 2010 after serving in a variety of positions within the Group. He will be a member of the Executive Committee of Lagardère Travel Retail Duty Free Global.
Lagardère Travel Retail Romania’s retail portfolio has grown from 50 stores in 2010 to more than 270 in 2019. The company operates a portfolio of proprietary brands across two business lines – Travel Essentials and Foodservice.
Vacalau commented: “Both myself and Stefan Picard, as a team, believed in the development of the store network and in the optimisation of the two business lines, which have brought us success.
“We will continue to find new locations and innovative concepts and products over the next years, in order to best respond to the needs of consumers on the go.”
Picard added: “The Lagardère Travel Retail Romania experience is unique. We wished to turn 1 Minute and Inmedio into powerful brands, with extended store networks, and their evolution has fully met the objectives we set. I wish good luck to Marius and I am confident he will continue to grow the platform.”