Kubinschi (also executive vice-president of Nextebank) and Jiru (Finance Ministry secretary of state) also served as members in the Executive Board dismissed earlier Monday, after the Transport Ministry rejected its management plan.
The new members of the board were on the list of managers selected by headhunters SC PricewaterhouseCoopers Tax Advisors & Accountants, D&B David si Baias and George Butunoiu Group SRL within a private manager selection process, the Transport Ministry said in a press release Monday.
The management plan was rejected unanimously and Dimitris Sophocleous resigned from the position of general manager of CFR following the decision. He had been named general manager of CFR in January.
The company’s newly appointed board will name a new general manager, the ministry said.
CFR’s former board included Sophocleous, Lucian Isar (chairman), Enache Jiru, Danut-Leonard Sandu and Florian Raimund Kubinschi.
The former management of CFR said it had reduced the company’s arrears to the state budget to 540 million lei (EUR123 million) in March 2013, from RON620 million in December 2012, and obtained RON1.3 million/year after renegotiating rents.
“Therefore, 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. (EUR1=RON4.3806)