The two representatives dismissed are Doru-Petru Dudas and Simion Dorin Rusu.
Thus, the fund’s largest shareholder, Elliottt Associates (13.86%), will be represented by Raiffeisen Bank president Steven van Groningen, and Octava NFI general manager Piotr Rymaszewski.
City of London, the fund’s second-largest shareholder (7%), will be represented by Julian Rupert Francis Healy. Healy is a provisional member, replacing Bogdan Dragoi, who resigned after being appointed Finance Minister.
In addition, the shareholders confirmed Oracle Romania boss Sorin Mindrutescu and former Prime Minister adviser Cristian Busu for another term on the board.
At the end of February, the Proprietatea fund had assets worth a total 16 billion lei (EUR3.6 billion). (EUR1=RON4.3742)