Lulache, former head of Romanian investment fund Fondul Proprietatea (FP.RO), was dismissed from the position in December 2009. Lulache is also member of Nuclearelectrica’s managing board.
Ionel Bucur, director of the nuclear power plant in Cernavoda and member of Nuclearelectrica’s managing board, was put in charge of the company’s nuclear activities, also at the proposition of Quest Advisors, Dumitrascu added.
Nuclearelectrica is 90.3% owned by the Economy Ministry, while Fondul Proprietatea holds a 9.7% stake. The ministry plans to sell a 10% stake in the power company on the Bucharest stock exchange in the second half of May.
The industry privatization authority gets assistance from headhunting firms Quest Advisors and Transearch International in selecting private managers for state-run companies.
Quest Advisors was set up by Vasile Lutai Hariton and it is run by Hariton alongside Loredana Serfezi and Andreea Acalovschi. Transearch International is one of the leading executive search organizations in the world, with subsidiaries in several countries.