This action follows the mutually agreed termination of the mandates of the previous CEO, Karoly Borbely, and the previous CFO, Marian Fetita, respectively, at the end of Sept 15-19 week.
The selection will be conducted by an independent human resources expert, in line with regulation regarding the corporate structure of state-owned enterprises.
Meanwhile, Bogdan Badea and Radu Constantin have been appointed provisional CEO and CFO, respectively.
Hidroelectrica, Romania’s largest producer of green energy, operates 188 plants with a hydro energy capacity of 6.4 GW, and also owns a 108 MW wind farm in Crucea. The company is also investing in its first floating PV system.