“Electrica informs its shareholders and investors that, during the meeting held on May 5, 2022, the Company’s Board of Directors (BoD) decided to revoke Mrs. Georgeta-Corina Popescu from the position of Chief Executive Officer (CEO) without cause, starting with May 16, 2022, this being the last day when the mandate contract takes effect,” Electrica’s report to the Bucharest Stock Exchange says.
At the same time, the BoD decided to appoint Chirita Alexandru-Aurelian, Romanian citizen, as interim CEO, starting with May 17 , 2022, for a period of three months, or until the appointment of a new CEO, respectively until the revocation, whichever occurs first, with the possibility of revoking the mandate granted at any time during the 3-month period, Electrica added.
(English version by Loredana Fratila-Cristescu)