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Press release – Appointment of Chief Financial Officer

8 March 2019

Valentin Budeş will take over the CFO mandate for Sphera Franchise Group, starting with May 2019

Sphera Franchise Group has appointed Valentin-Ionuț Budeș as the company’s Chief Financial Officer (CFO), scheduled to take over the responsibilities of the new appointment, four-year term, as of 9 May 2019.

“We welcome Mr. Budeş as Sphera Franchise Group’s new CFO, and we are confident that, as a highly experienced financial specialist, he will represent a great addition to the executive team in its pursuit of the company’s objectives. In line with our steadfast commitment to upholding the highest corporate governance principles, we are pleased to have selected as CFO a professional with more than 10 years of experience, of which most having been acquired in top management positions,” said Mark Hilton, CEO of Sphera Franchise Group.

Valentin Budeş has an extensive experience, of over 10 years, in Finance Management, accumulated while accessing constantly ascendant roles in Accounting, Auditing, Controlling and Finance management, in challenging industries such as
healthcare, telco and consultancy. For the past four years, he has been holding CFO positions, being in charge of coordinating a various range of activities such as mergers & acquisitions, treasury optimization, internal controls, budget and planning, and profitability analysis.

Valentin Budeş holds high professional qualifications, being an ACCA (Association of Chartered Certified Accountants) member and having acquired a certification in Risk Management from the Institute of Internal Auditors (USA). He graduated from the Academy of Economic Studies in Bucharest and holds a Master’s degree in “International Accounting” at the same university.

“Mr. Budeş professional activity spreads over a broad variety of finance domains, in industry leading companies where he gained management experience and has proven solid performance in running complex, strategic, inter-departmental projects on top of relevant technical skills. We are looking forward to working with him. At the same time, I would like to thank Daniel Paliţă for stepping up in taking the interim CFO position successfully. He will resume his role of Manager of Strategic Planning and Investor Relations,” added Mark Hilton.