Dascalu replaced Constantin Roibu, who stepped down last week. Roibu stayed on as board member, while its position as general manager was unaffected.
Dascalu served as secretary of state at the Transport Ministry between 2005 and 2010. He is currently adviser to the Economy Minister Ion Ariton.
The Economy Ministry owns 54.8% in Oltchim.
Wednesday, Oltchim’s shares closed up 3.35% at RON1.235 in Bucharest. (EUR1=RON4.2353)