Bucharest, 20 June 2011. New Leader in Assurance Starting with the 1st of July, John Webster will be a new Partner in PwC Romania, taking over as Assurance leader for Romania and South Eastern Europe. John comes from PwC Canada, which he joined in 1981. He was for a number of years Managing Partner for British Columbia Region based in Vancouver. He was also the Technology and Mining Leader in the recent past. John built a number of practices while in Vancouver in Mining, Technology and Private Company Services. "I am excited about the business opportunities that the emerging Romanian market offers and it is for me a personal challenge to lead the excellent Romanian assurance team, which is the local market leader in this field", said John Webster. Wilhelm Simons, who has lead the Assurance Department of PwC Romania in the past four years will become Central and Eastern Europe liaison Partner based in Vienna, focused on increasing the cooperation of PwC firms across the region. New Leader in Advisory Radu Stoicoviciu, Partner, will become the new Advisory Leader of PwC Romania, leading a team of more than 100 management consultants spread across PwC Romania's five regional offices (Bucharest, Cluj-Napoca, Timişoara, Constanţa and Chişinău). He joined PwC Romania in 1992 and became a Partner in 2007, leading the Romanian Deals team and the South and Eastern Europe Corporate Finance and Business Recovery department. He is specialised in project finance, privatization, mergers and acquisitions, and valuations. In his 18 years spent with the firm he led a significant number of projects for clients operating in various industries with feasibility studies, finance raising, valuations as well as M&A negotiations both on-buy and sell-side. Dinu Bumbăcea, the acting Leader of Advisory decided to pursue personal projects. Dinu has been the CEE TICE Leader for a number of years