In April 2018, the Board had appointed the abovementioned for a provisional period of four months.
Thus, Cosmin Ghita remains the company’s general manager, Dan Laurentiu Tudor and Viorel-Lary Toni remain deputy general managers and Adrian Gabriel Dumitriu keeps his position of financial manager. The extension of mandate contracts takes effect on September 5, 2018.
Ghita, aged 28, had been appointed general manager of Nuclearelectrica in the summer of 2017, replacing former CEO Daniela Lulache. Subsequently, Ghita’s mandate has been extended for periods of four months each.
”The initiation of the selection procedure for the members of the Board of Directors of SN Nuclearelectrica SA on the provisions of OUG 109/2011 was approved by the SNN GMS on 25.04.2018, the selection process being currently underway”, the company said in a statement.
”The extension of the mandates for the managers of the company was based on the recommendation of the Nomination and Remuneration Committee within SNN Board of Directors,” the statement also reads.
Nuclearelectrica reported a net profit of RON303 million in 2017, up 172% year-on-year, and 15% higher revenue, of RON1.9 billion. Increases were mostly fuelled by higher revenue from the company’s core activity, namely, the sale of electricity, and by the surge in the average electricity price.