Hleb was also named member in the company’s Board and deputy chairman of the board. The positions are valid until Laminorul’s next shareholder meeting takes place on April 29.

Laminorul, a former unit of Russian steel giant Mechel, has also appointed Eduard Chimac as interim chairman of the board.

Mechel last week announced it has sold its Romanian assets to Bucharest-based Invest Nikarom company for a nominal sum of 230 lei (EUR52).

Invest Nikarom, controlled by two Russian nationals, acquired the group’s five units in Romania, namely Mechel East Europe Metallurgical Division SRL and steel plants Ductil Steel Mechel, Campia Turzii S.A., Mechel Targoviste S.A., and Laminorul Braila.

Economy Minister Varujan Vosganian said recently that Invest Nikarom plans to restart production at Ductil Steel and Mechel Targoviste in March, while the other two steel plants would undergo reorganization.