The decision to appoint Dan Niculaie Faranga as CFO was made by the company’s Board of Directors.
The appointment of Dan Niculaie Faranga was made as a result of unfolding the selection procedure assisted by an independent expert
“Dan Niculaie-Faranga has over 20 years of experience in management positions in the financial sector, in industries such as financial services, real estate development, consulting, mergers and acquisitions, as well as in the energy sector. In the last nine years, he has contributed to the structuring and execution of complex financing for investment projects, mergers and acquisitions of SNTGN Transgaz SA and has managed the activity of SNTGN Transgaz SA subsidiaries in the Republic of Moldova,” the report reads.
Dan Niculaie Faranga is a graduate of the Faculty of International Economic Relations of the Academy of Economic Studies, of a post-graduate course in banking and stock market management and has graduated from the Canadian M.B.A. Program organized by the University of Ottawa, École des Hautes Études Commerciales Montreal and the Academy of Economic Studies with specialization in Finance.
Nuclearelectrica has a market value of RON13.9 billion and is 82.5%-owned by the Romanian State, through the Energy Ministry. SNN shares have been trading up 9.1% since the beginning of 2023, amid deals worth RON123.2 million, in line with stock market data.
Nuclearelectrica ended 2022 with revenue of RON6.5 billion, double on the year, and a net profit of RON2.7 billion, up 163% on the year. From its 2022 net profit, Nuclearelectrica proposed the distribution of dividends in the amount of RON1.28 billion, with a yield of over 9% at the moment of the proposal.