The shareholders will elect a new board later today.
The candidates for the position of board chairman are the now ousted Stere Farmache, Lucian Anghel, chief economist and strategy manager with Romanian bank Banca Comerciala Romana (BCR) and Dan Paul, president of the Romanian Brokers Association.
BCR’s Anghel is poised to win around 50% of shareholders’ votes, according to sources in the market.