Mindrutescu, head of Oracle’s office in Romania and member of the Board of Nominees at Fondul Proprietatea, will replace Bogdan Dragoi in the position.
Dragoi stepped down after he was appointed Finance Minister last week.
Fondul Proprietatea also appointed Julian Healy as interim member of the fund’s Board of Nominees, following the vacancy of the position held by Dragoi.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism. The fund is administrated by Franklin Templeton Investment Management Ltd. United Kingdom.
Tuesday, Fondul Proprietatea closed up 0.1% at RON0.5265 a share in Bucharest.