The new members of the company’s Executive Board are: Corina Alexandrina Gatej (chairwoman), Dana Galben, George Micu and Claudiu Octavian Dumitrescu.

Dorobantu previously served as manager at CFR Infrastructura and CFR Calatori.

Gatej, a former presidential adviser, also served as CEO of Unilever South Central Europe.

Transport Minister Relu Fenechiu said Thursday the new managers’ pay will be decided following negotiating between the Board and the representatives of the Transport Ministry, which controls CFR Calatori.

According to Fenechiu, the railway carrier registered losses of 450 million lei (EUR101.7 million) in 2012.

Under standing agreements with the IMF and the EU, Romania’s Government has pledged to appoint private management at several state-owned companies. In November 2012, airline Tarom became the first state-owned company to have private management. (EUR1=RON4.4219)