Oltchim’s shareholders met Tuesday to discuss a proposal to amend the company’s bylaws and separate the positions of general manager and board chairman.
The proposal came from the Economy Ministry, Oltchim’s majority holder.
“All the items on today’s meeting agenda have been approved,” the participants in the meeting said.
Late July, Roibu announced he would step down as board chairman, but said he would remain general manager of the company.
The Economy Ministry plans to sell its 54.8% stake in Oltchim by the end of 2011 and it is searching for a solution to reduce the company’s debts.
Minister Ion Ariton said recently that Oltchim could be included on the list of companies to be run by private managers, together with hydropower generator Hidroelectrica and coal mining company Compania Națională a Huilei (CNH).
On August 26, Oltchim’s shares closed down 0.81% at RON1.23 in Bucharest.