Sobolewski steps down as Romanian bourse CEO

Ludwik Sobolewski resigned from his post as the CEO of the Bucharest Stock Exchange BVB on Friday, the Romanian bourse said in a press statement. His term expired in August, but the BVB board was unable to extend his contract or replace him at its meeting held in the same month due to lack of quorum. Sobolewski ran the bourse since 2013. Previously he was the CEO of the Warsaw Stock Exchange between 2006-2013. The selection process for the appointment of a new CEO and general manager of the Bucharest Stock Exchange is continuing, the bourse said in a statement. The final appointment will need to be confirmed by the country's Financial Supervisory Authority, ASF. The bourse deputy general director Marius-Alin Barbu has been appointed as interim CEO.