In February, the Transport Ministry announced the new management of CFR Marfa, which is to be privatized. Ex-banker Aysun was named CFR Marfa’s board chairman and Alexandru Dragos Draghici took over as general manager of the company.
The new management was appointed following a private manager selection process.
The state will auction off 51% of CFR Marfa in June and the starting price is EUR180 million.
Early this week, the Transport Ministry rejected the management plan proposed by the Managing Board of state-owned railway operator CFR SA, which led to the termination of the board members’ mandates.
Following the decision, Dimitris Sophocleous resigned from the position of general manager.
“The chairman of the Managing Board of CFR SA, Lucian Isar, and general manager Dimitris Sophocleous express their concern regarding the lack of transparency of the decision to stop and cast doubt on the process to bring the company back on track,” the former CFR management said in a press release Monday.