LIBERTY Galați moves forward in its restructuring plans by implementing strategic changes at the executive management level, launching an executive search process for a new General Manager and by appointing a new Board Member.
Radu Ionescu will be stepping down from his role as General Manager of LIBERTY Galati and Tubular and will continue to support LIBERTY Galati as a trusted adviser and business partner.
Ajay Aggarwal, Chairman of the Board at LIBERTY Galati, returns as General Manager on an interim basis. With over 35 years of experience in trading, finance, and international operations and a background that includes major M&A and business development projects across Europe, Africa, and Asia, Ajay Aggarwal led the post-Covid crisis turnaround of LIBERTY Galați in 2021 when the company achieved a record-production of 2.35 million tonnes, a turnover of RON 9.37 billion, and a profit exceeding RON 1.5 billion. Resident of Romania for the past five years and recognized industry leader, he will ensure business continuity and will lead LIBERTY Galati team for regaining LIBERTY Galati’s solid position as strategic economic pillar of Romania.
LIBERTY Galati has appointed Oana Petrescu as Board Member – a seasoned professional who was instrumental in developing the company’s restructuring plan . With 30 years of experience in finance and business restructuring, Oana Petrescu is a recognized expert in turnaround management and improving operational and financial performance in major companies, serving as a partner in leading consulting firms including Arthur Andersen, Ernst & Young, and Deloitte, and as Executive Vice President at BCR. She is currently Restructuring Partner at EuroInsol.
Liberty Galati management team will include key Romanian professionals, well-known in the steel industry: Cornel Moisescu as Head of Production and Aida Nechifor as Head of Finance.
Cornel Moisescu was promoted Head of Production following his strong performance as Head of Primary and will oversee the entire production flow — from upstream to downstream operations — including the Hot Strip Mill, Heavy Plate Mill, Cold Rolling Mills, and the zinc coating and organic coating lines.
With over 20 years of experience at the Galați steelworks, Aida Nechifor has been appointed Head of Finance at LIBERTY Galați, previously being Head of Sustainability (2023-2025), General Manager (2021–2023) and CFO (2018–2021) for this company. She brings deep financial and business expertise and is a recognized expert in the steel industry – currently being the President of UniRomSider.
In partnership with a leading global executive search firm, LIBERTY Galați has also launched a comprehensive recruitment process for a permanent General Manager and other key executive roles, aimed at securing top-tier leadership to guide the company through its next phase of growth.