Cernov resigned following strong criticism by minority shareholders regarding the legitimacy of the recently appointed management, Transgaz said in a statement Friday.
Cernov was elected member in Transgaz’s Executive Board in April, alongside Petru Vaduva and Mihaela Preda, manager at state assets privatization office OPSPI. The board also includes the former general manager of the company, Ioan Rusu, and Ion Sterian.
Petru Vaduva was also appointed general manager of Transgaz at the beginning of June.
Transgaz is 58.51%-owned by the state, while investment fund Fondul Proprietatea (FP.RO) has a 15% stake.
On the Bucharest bourse Friday morning, Transgaz was trading up 0.08%, at 187.15 lei (EUR41.7) a share. (EUR1=RON4.483)