Madalina Rotaru, a long-term worker of Capex/NAGA Group, has parted methods with the corporate. She was the Group Chief Working Officer of the merged entity and the Deputy Chief Govt Officer of the NAGA Group.
Departure after a Lengthy Tenure
“After greater than a decade, my time with Capex/NAGA Group has come to an finish,” she wrote in a LinkedIn put up.
“My time as Deputy CEO/Group COO has been full of challenges, alternatives, and invaluable classes—a interval that has formed each my skilled and private progress in the easiest way over the previous 10 years.”
Rotaru joined CAPEX.com in January 2017 as a Department Director and was promoted to the Group COO function in a couple of 12 months, in keeping with her LinkedIn profile. She additionally took cost of CAPEX.com’s MENA operations, turning into the CEO of the UAE unit in the beginning of the COVID-19 pandemic. She turned a part of NAGA following the enterprise merger of NAGA and CAPEX.com. Alongside together with her Group COO function, she additionally took over because the Deputy CEO of NAGA in April 2024.
Earlier than her tenure at CAPEX/NAGA, she additionally had a five-month stint because the Head of Operations at Commerce.com.
Merger of Two CFD Companies
In December 2023, NAGA was acquired by CAPEX.com, one other on-line buying and selling model with a big presence within the Center East. With the reverse merger, CAPEX.com’s CEO invested $9 million in NAGA and have become the merged entity’s Group CEO.
Curiously, Ben Bilski, considered one of NAGA’s co-founders and the Chief Data Officer, left the corporate solely three months after the merger. As Finance Magnates reported earlier, NAGA lower down 40 per cent of its employees in 2023.
In the meantime, the Group income of the merged NAGA and CAPEX.com totalled EUR 62.3 million in 2024, in comparison with EUR 77.5 million within the earlier 12 months. Group EBITDA amounted to EUR 8.1 million, with a margin of 13%, up from EUR 8.5 million and 11% in 2023.
This text was written by Arnab Shome at www.financemagnates.com.
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