“We have extended by 60 days the terms of Mihai Teleanu, Aurel Cocos, Mihail Stanculescu, and we have appointed two new members on the board, Marian Bratu and Florin Marin, who resigned from the supervisory boartd two months ago,” supervisory board chairman Remus Borza told MEDIAFAX Monday.
Bratu has been working for Hidroelectrica for 20 years.
Stanculescu, Cocos, and Teleanu’s board memberships were set to expire on October 30.
Last week, Hidroelectrica’s supervisory board fired board members Eugen Bradean, accused of accessory to bribery, and Ovidiu Agliceru, who abstained from voting on the sale contract Bradean was pushing for.
Bradean, Hidroelectrica’s trading manager, and Ioan Mihaila, member of the company’s supervisory board and adviser to Energy Minister Constantin Nita, were placed under preventive arrest for 29 days last week on corruption charges. The two are accused of bribery related to an electricity sale contract that would have had the state company selling energy at a loss.
Hidroelectrica’s supervisory board consists of Remus Borza, Ioan Mihaila, Remus Vulpescu, Mihai Grosan, Oana Truta, Elena Popescu, and Gabriela Sandu.