The position of CEO has been vacant since March 2016, following the resignation of Ioan Rosca. The company’s Chief Financial Officer Iuliana Andronache has acted as interim CEO throughout this period.
Stancu, 53, boasts an experience of over 26 years in the field of electricity and natural gas, of which, more than 19 years spent within Electrica group (from 1990 to 2009), during which time he had held various management positions. He had also been a member of the Executive Boards of Electrica Muntenia Nord, Electrica Distributie Transilvania Nord, Electrica Furnizare Transilvania Nord, E.ON Moldova and CEZ Oltenia.
Starting 2009, Stancu has held the position of strategy and corporate development manager within E.ON Romania, and has also been a member of Executive Boards of E.ON Distributie Romania and E.ON Renewable.
Electrica is the largest company in the field of electricity distribution and supply in Romania, a business worth EUR1.2 billion, with 3.6 million consumers.