The Board adopted the decisions Tuesday.
Pintea replaces Cristian Secosan whose mandate expired. Pintea’s mandate will take effect on April 17, OMV Petrom said in a statement.
Pintea has been working for OMV Petrom for 17 years and was involved in the project for the construction of a gas-fired power plant in Brazi, an investment worth over EUR500 million.
OMV Petrom renamed its exploration and production division as Upstream, the refining and marketing segment became Downstream Oil, while its gas and power unit was renamed Downstream Gas.
The renaming of the business segments does not change the company’s organization procedures. It targets to reflect the renaming of business segments at the level of Austrian group OMV, majority shareholder of OMV Petrom, and to facilitate the comparability of financial results reported under the International Financial Reporting Standards (IFRS).