“The appointment of a new board president at Oltchim is the task of the board. (…) Roibu will stay on as interim president until next week, when there will be a new shareholder meeting,” people close to the matter told MEDIAFAX.
Economy minister Ion Ariton on July 15 issued an order by which the board president at Oltchim could not be general manager at the same time.
Roibu is also Oltchim’s general manager.
The shareholders approved Tuesday a change in the company’s statute, implementing the minister’s order, but there was nobody appointed to replace Roibu.
Another shareholder decision was to approve a EUR250 million loan, for investment and working capital.
The company is 54.8% owned by the Economy Ministry, while German PCC SE holds 17.47% and Carlson Ventures holds 14.02%.