Wagner will remain member in the board, as well as general manager of Oil Terminal.
The company’s shareholders named former secretary of state Andrei-Brabu Todea as the new chairman of the board.
Wagner’s dismissal comes a few weeks after minority holder Broadhurst Investments accused the former of signing a series of damaging contracts. The investment fund requested stockowners file a formal complaint against Wagner and force him to pay a 16,000 lei (EUR3676) fine, but the holders rejected the proposals.
Still on Thursday, Oil Terminal decided to relieve Istav Kocsolade, Ioan Silviu Tiberiu Gorodea and Claudiu Constantin Stafie of their manager duties and replaced them with Todea, Virgil Dumitru Orlandea and Corin Comsulea, respectively.
Oil Terminal is 59.6% owned by the Economy Ministry, while investment funds Fondul Proprietatea (FP.RO) and Broadhurst Investments hold 8.45% and 7.63%, respectively.
Thursday, Oil Terminal closed down 2.23% at RON0.175 a share in Bucharest.