The vacant positions will be filled in following an open competition.
“A fish rots from the head down… When a business starts to go wrong, the management must take responsibility,” said Remus Borza, general manager of Euro Insol.
He said Hidroelectrica’s managers have been appointed based on political criteria.
“However, they will be given the chance to prove their competencies at the open competition,” Borza said.
Hidroelectrica’s former general manager Stefan Gheorghe was appointed deputy general manager.
Contacted by Mediafax, Gheorghe said he will submit his application for the general manager position at the upcoming contest.
Hidroelectrica, Romania’s top energy producer, has filed for insolvency in June last year and is currently undergoing reorganization.
According to Borza, the company could complete its reorganization process on June 26.
“Financially, the company is prepared to exit insolvency in June,” he told reporters.