Two foreigners at the helm of Romania's airline Tarom

Two foreigners were named at the helm of Romania's state owned airline Tarom, after Heinrich Vystoupil gave up on the position, shortly after starting. Christian Edouard Heinzmann is the new general and accountable manager, while Brit Michael Moriaty is the new Chief Financial Officer. Heinzmann (in picture), the former president of Luxair, Luxembourg's national airline, will start in his new position on November 18, on a four-year contract. Moriaty will start on October 12 on a one year contract. Heinzmann has 25 years of experience in the airline industry, and has implemented a restructuring strategy at Luxair. He also worked with Albanian Airlines and GMG Airlines in Bangladesh. His CV is here. Moriarty has 33 years of experience in financial management in the airline industry. Tarom's board decided to bring in expats as no one in Romania has the relevant experience for the condition in which Tarom currently is. The two newly named managers will have to restructure the company, as well as set up a succession plan, so Tarom can hire further Romanian managers. Tarom's new management is part of a wider program which aims at placing private sector managers in several Romanian state owned companies. editor@romania-insider.com