Sophocleous was manager at mobile operator Romtelecom and pharmaceutical group A&D Pharma, and is also managing board chairman at real estate developer Impact.
In December 2012, Niels Schnecker was named chairman of the managing board of CFR SA, but refused the position. He was replaced by Florin Kubinschi, executive vice-president of Nextebank.
CFR SA is controlled by the Transport Ministry.
In July 2012, the ministry selected consortium PwC/D&B David and Baias/George Butunoiu to recruit private general managers and managing board members for the companies under its authority with turnover higher than EUR7.3 million.