Costescu, 46, will take over as general manager on Monday, March 2, the company said in a statement Friday.
So far, CFR has been run on an interim basis by Macarie Alexandru Moldovan who will return to the position of deputy general manager of the company’s technical division.
Costescu has founded, developed and run railway engineering companies such as Forschung Mess – und Daten-Technik Zentrum (Germania) and Sistematic Engineering (Romania).
Romania’s Transport Ministry announced on April 1, 2014 that Macarie Alexandru Moldovan, deputy general manager of the company’s technical division, took over the interim management of CFR SA, replacing Ionel Voicu.