The selection will be completed in 45 days, the company said.

In January this year, Dimitrios Sophocleous was appointed general manager of CFR SA, replacing Cristian Ghibu.

Sophocleous was manager at mobile operator Romtelecom and pharmaceutical group A&D Pharma, and is also managing board chairman at real estate developer Impact.

CFR administers about 15,000 kilometers of railroad and has some 23,000 employees. It registered revenues of 4.09 billion lei (EUR0.92 billion) last year and expenses of RON3.02 billion. According to preliminary results, CFR’s 2012 profit stood at RON1.07 billion.

In 2011, the company registered revenues of RON4.07 billion and loss of RON708.4 million. (EUR1=RON4.415)