Elections for two new members in the committee are scheduled for April 25. The new members will replace Sorin Mindrutescu and Cristian Busu, whose mandates expire on September 29.
According to Proprietatea’s website, Gitenstein was nominated by investment fund Emerging Markets Country Fund.
Gitenstein’s mandate as ambassador to Bucharest ended in December 2012.
The Representatives Committee supervises the activity of the fund’s administrator, U.S. company Franklin Templeton.
Its three other members represent Proprietatea’s largest shareholders. Elliottt Associates is represented by Steven van Groningen and Piotr Rymaszewski.
City of London, the second largest Proprietatea shareholder, is represented by Julian Rupert Francis Healy.
On the Bucharest stock market Tuesday, Fondul Proprietatea closed up 1.28%, at 0.631 lei (EUR0.14) a share. (EUR1=RON4.4111)