Voicu will run CFR in an interim capacity until the finalization of the process to appoint a new Chief Executive Officer, the company said in a statement.

It also said that Mircea Popa and Constantin Sebesean have been appointed members in the company’s managing board after Victor Cionga and George Ciobanasu, who were initially selected, decided to withdraw from the positions.

CFR shareholders revoked the company’s entire Board on January 10, citing bad management, and appointed a new management structure.

The new Board includes Ovidiu Putura (state secretary with the Justice Ministry – also elected Board Chairman), Ovidiu Petrisor Artopolescu (member of Transelectrica Supervisory Board), Florin Luca (financial consultant), Mircea Popa (general secretary within the Energy Department) and Constantin Sebesean (private manager).

CFR’s former Board included Florian Raimund Kubinski (president, CFO at Volksbank Romania), George Micu (member, general manager of CFR SA), Enache Jiru (member, state secretary with the Finance Ministry) and Sebastian Tcaciuc (member).

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