Oltchim called on its shareholders to meet March 12 to vote a new management structure.
Dascalu, an adviser to outgoing Economy Minister Ion Ariton, was appointed chairman of the board in September 2011. He replaced general manager Constantin Roibu, after the Economy Ministry decided the two positions couldn’t be held by the same person.
The Economy Ministry owns 54.8% in Oltchim.
Wednesday, Oltchim closed down 2.42% at RON1.17 a share in Bucharest.