CORRECTED - Bulgaria's Ideal Standard-Vidima appoints new CEO

A corrected version of the story follows:

Bulgarian producer of bathroom sanitary ware Ideal Standard-Vidima said it has appointed Krasimir Kopchev as its new CEO and chairman of the managing board.

Kopchev took over the position at the end of July from Vassil Kanev who has retired, Ideal Standard-Vidima said in a statement on Sunday.

Kopchev has over 34 years of experience in the company. He will retain his position as a director of the plant for production of sanitary fittings which he has occupied since 2002.

Ideal Standard-Vidima is Bulgarian unit of Ideal Standard International (www.idealstandardinternational.com), which employs over 11,000 people and operates in over 20 countries in Europe, the Middle East, Africa and Asia.