Karoly Borbely became Chairman of Oltchim’s Board at the beginning of March, replacing Constantin Dascalu.
Oltchim, in which the Economy Ministry owns 54.8%, is slated for privatization later this year.
The company posted a loss of 82.8 million lei (EUR19 million) in the first quarter, much wider from RON2.64 million in the year-earlier period.
Wednesday in Bucharest, Oltchim shares traded down 3.2%, while the general index BET-C was up 0.5% (EUR1=RON4.4626)