Schnecker’s appointment is part of the process selecting private managers at state-owned companies, he added.
CFR said in a press release later Wednesday CFR shareholders have elected a new managing board, with Schnecker as chairman.
Other new board members, elected to a four-year term, include: Lucian Isar (former Business Environment minister), Enache Jiru (secretary of state with the Finance Ministry), Cristian Ghibu (CFR SA general manager) and Danut Sandu.
The company’s managing board has appointed Ghibu to the position of CFR general manager Wednesday, reads the press release.
Schnecker is managing senior partner at consulting firm Schnecker van Wyk&Pearson. He specializes in financial management.
CFR is controlled by the state, through the Transport Ministry.
In September 2011, Romania’s Government and the International Monetary Fund agreed to appoint private management at 15 state-owned companies in 2011 and 2012.
In July, the Transport Ministry selected consortium PwC/D&B David and Baias/George Butunoiu to recruit private general managers and managing board members for the companies under its authority with turnover higher than EUR7.3 million.