“Concurrently, the Board of Directors has empowered Mr. Dorin Tudora as Provisional Director General starting 05.02.2021, until the completion of the recruitment and selection procedure for the Director General, in accordance with the provisions of GEO no. 109/ 2011 on corporate governance of public enterprises, but not more than 4 months, respectively from 05.02.2021 to 04.06.2021 (inclusive of),” the announcement reads.
Per the announcement, all duties and responsibilities related to the Director General capacity (including delegations granted by the BoD) will be exercised by Mr. Dorin Tudora starting from the date of his appointment, namely 05.02.2021.
“In order to ensure the implementation of the Management and Administration Plan, as well as the fulfillment of the performance indicators of Administrators and Directors with mandate contract, following the proposals and discussions within the meeting, the Board of Directors decided to sign an Agreement by the Provisional Director General on the date of appointment and taking over the mandate, for assuming and continuing the Administration and Management Plan,” the stock market announcement also reads.
Conpet has a market value of RON848.4 million and is 58.7% held by the Romanian State, via the ministry of economy, energy and business environment. Conpet shares have been trading up 27.3% since the beginning of 2021, amid deals worth RON19 million.