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Romania’s Designated Health Min Resigns From Local Ferrari Dealer

Romania’s designated health minister Ion Bazac gave up Thursday the headship of Forza Rossa, the local subsidiary of Ferrari, following his nomination for health minister.
Romania’s Designated Health Min Resigns From Local Ferrari Dealer
21 dec. 2008, 14:37, English

The parliamentary committees for healthcare approved Saturday the nomination of Bazac for health minister, with 16 votes in favor, six against and two abstentions.

Following his resignation, Stefano Albarosa, CEO of Cefin Holding and shareholder of Forza Rossa, will become head of the local Ferrari dealer.

The company was set up in April 2007 and is owned by Ion Bazac, with 47.5% of the shares, Camelia Bazac, with 5% and by Central European Finance in Luxemburg by 47.5%.

Forza Rossa reported this year a turnover of EUR6 million. The company delivered this year 16 Ferrari cars and received orders for another 48.