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Rumyana Trencheva ‘ 00, Managing Director at SAP Southeast Europe, Joins AUBG’s Board of Trustees

May 25, 2017

H.R.H. Princess Maria Luisa of Bulgaria and Rumyana Trencheva, Class of 2000, Managing Director at SAP South East Europe, became a part of the AUBG Board of Trustees. They were elected members at the official Board meeting on May 19-20, 2017 in Blagoevgrad.

H.R.H. Princess Maria-Luisa of Bulgaria has been an ardent supporter and a great friend of AUBG for many years. She is the older sister of King Simeon II and daughter of King Boris III and Queen Giovanna. Extremely well respected among the Bulgarian émigré community in North America, Princess Maria-Luisa is involved in charity work in support of Bulgarian hospitals and Bulgarian art. For her contribution to the development of AUBG, Princess Maria-Luisa was awarded the degree Doctor Honoris Causa of AUBG in May 2012.

Ms. Rumyana Trencheva graduated from the Amercian University in Bulgaria in 2000. In her new role as Managing Director of SAP South East Europe, she oversees SAP's business in ten countries in the region: Bulgaria, Romania, Serbia, Bosnia and Herzegovina, Montenegro, Kosovo, Albania, Macedonia, Croatia, and Slovenia. Before joining the family of SAP, Rumyana Trencheva held key management positions in multinational companies such as INDRA Sistemas SA, Hewlett Packard, Alcatel-Lucent, and Ericsson Bulgaria.

The two-day Board meeting was marked by the open talks with key AUBG constituencies: alumni, faculty, students, staff. Active discussions about the future development of the University towards fulfilling its vision to be the definitive center of excellence for learning, teaching and working together in Southeast Europe took place. Major accomplishments in the academic area were presented by the AUBG Provost Emilia Zankina. The elite Italian School of Management SDA Bocconi (6th Business School Worldwide for Custom Program) and AUBG, No 1 in Business administration in Bulgaria, join forces in offering a unique Joint Venture program for students from Eastern Europe: Executive Master in Finance, Banking & Real Estate. The Master’s program for business leaders will be based entirely in Sofia and will give an exceptional chance for preparing the managers of the future, who will be leading their businesses to new heights tomorrow.

The Trustees reelected Prof. Ivan Manev as Chair of the Board for a second three-year term. Mr. Ivan Manev is an academic and higher education professional who has served as Dean of the College of Business, Public Policy and Health at the University of Maine, USA since 2010. As Dean, Dr. Manev led the Maine Business School to a reaffirmed accreditation by AACSB International and to the school’s first national ranking by US News & World Report among the best undergraduate business programs. Andrey Delchev, longstanding AUBG supporter, was reelected to the Board of Trustees. The Board also approved the election of Elvin Guri, Ilya Lingorski and Petia Dimitrova as members of the University Council, and reelected Tom Bird, Chris von Christierson, Dimiter Christof, David Flanagan, John Gulliver, and Yoto Yotov.

At the meeting Dr. Steven F. Sullivan was appointed as Interim President of the American University in Bulgaria. Dr. Sullivan has been with the University for 19 years. He has served as Provost and Vice President for Academic Affairs, Dean of Faculty, and as a faculty member in the Department of Economics.

Other major decisions during the meeting include the acceptance of the unqualified audit report on the financial statements CY 2016 by Deloitte, the appointment of AFA as the Internal Auditors for the period 2017-2019, and the appointment of Deloitte as the External Auditor for the period 2017-2019. Next steps approved by the Board are  installation of an ad hoc Advisory Committee on Reform and Restructuring.

The Board accepted with sadness the resignations of two Board members and three University Council members. Board members are pleased to increase the list of prospective BOT and UC members to a level of 14 well motivated persons and they look forward to meeting and working with the candidates for the wellbeing of the University.

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