He will therefore be at the helm of the most valuable company in Romania, with a market valuation of some RON52.6 billion (almost EUR10 billion).

Bogdan Badea, who has been running the company since the summer of 2017, became chief investment officer, Ziarul Financiar has found. Department manager Marian Fetita was appointed chief financial officer.

The chief operating officer position went to Ianas Radu, chief engineer of Hidroelectrica, while Radu Constantin, head of the trading department since October 2022, became chief administrative officer.

(English version by Loredana Fratila-Cristescu)