Hagag strengthens Local Business Leadership

International investor Hagag Development Europe strengthens its operations in the energy sector and its local management structure, announcing the official appointment of Răzvan Pârvulescu as Business Development Director of the Natural Gas Division within Hagag Energy.

Răzvan Pârvulescu, who has been involved alongside the Hagag Energy team since the division’s formation stage, is officially assuming leadership of the Development and Expansion Department at a time when the company is rapidly broadening footprint in the natural gas distribution segment.

In this role, Răzvan will continue to coordinate the activities of the Development and Expansion Department, focusing on extending the concessions portfolio, defining and implementing the medium- and long-term development strategy for the Natural Gas Division, as well as developing new business lines relevant to this market segment.

“We are delighted to welcome Răzvan to the Hagag Energy team. His solid experience in developing and implementing natural gas projects represents a significant asset in strengthening and expanding our energy division. We are confident that, together with the entire team, Răzvan will help drive the acceleration of our development plans and further strengthen Hagag Energy’s position on the Romanian market”, says Yitzhak Hagag, Co-founder and Chairman of the Board of Directors of Hagag Development Europe.

With over 17 years’ worth of experience in management and business development, Răzvan Pârvulescu’s has held, throughout its professional career, both leadership roles within private companies operating in the telecommunications, civil construction, and energy sectors, as well as representative positions with a diplomatic component.

In the first three months following the launch of Hagag Energy, his efforts focused on expanding the company’s concessions portfolio and accelerating ongoing projects. During this time, Hagag Energy has added five contracts covering the concession of the public natural gas distribution service, including design, construction, and operation of natural gas distribution networks. As a result, the company has reached a total of 72 contracts and a nationwide presence spanning 95 communes and two cities across 18 counties in Romania.