The new Supervisory Board members are Victor Cionga (former general manager of the Bucharest Stock Exchange), Adrian Rusu, (manager at Transelectrica), George Cristodorescu (former manager at E.ON Romania), Mihaela Preda and Gheorghe Stirbu (general manager of pharmaceutical company Egis Romania).
Oana Truta and Adrian Grosan have been reelected members. Remus Borza, Remus Vulpescu, Elena Popescu and Gabriela Sandu left the board.
Minister-delegate for Energy Constantin Nita said recently Hidroelectrica would appoint new Supervisory Board members on December 1.
The Board supervises the company’s activity, names the members of the Managing Board and approves the revenue and expenses budget.
Hidroelectrica is controlled by the state, which holds 80.05% of the shares, and investment fund Fondul Proprietatea (FP.RO), with a 19.95% stake in the company.