Agliceru, who is also head of Hidroelectrica’s Energy Production Department, is replacing Mihai Stanculescu who can no longer run the company due to health problems.
Agliceru’s experience in the energy sector spans nearly 30 years, the company said in a statement.
Between 1999 and 2000, Agliceru had filled the position of deputy general manager for Hidroelectrica’s technical operations. In 2006, he was appointed head of the company’s General I,nspection Division and, between 2009 and 2013, he had run the company’s Internal Control Department.
Between August and October 2013, Agliceru had been a member of Hidroelectrica’s Executive Board and, starting October last year, he has been running the company’s Energy Production Department.
Hydroelectrica, the country’s largest power producer, was court-ordered into a second insolvency process in February this year, less than eight months after completing a one-year reorganization process.
Hidroelectrica is 80.05%-owned by the state, while investment fund Fondul Proprietatea (FP.RO) holds a 19.95% stake.