The bids were submitted by the association between PricewaterhouseCoopers Tax Advisors & Accountants, D&B David and Baias and George Butunoiu Group, Boyden Global Executive Search, the partnership between Fast Forward Solutions and The Searchers Advisory Group, Grafton Recruitment, as well as the association of Quest Advisors and Transearch International, the ministry said in a statement Monday.
This is Romania’s second attempt to select headhunters for consultancy in the selection of managers for state-owned companies. A similar agreement had been signed in October 2011 with executive research company Pedersen & Partners.
The Economy Ministry and Pedersen & Partners terminated the selection contract by mutual consent at the end of May 2012, because the ministry decided to change the headhunting process.
Under standing agreements with the International Monetary Fund and the European Commission, Romanian authorities need to appoint private management at multiple state companies by end-2012.
Natural gas companies Romgaz and Transgaz (TGN.RO), chemical plant Oltchim (OLT.RO), hydropower generator Hidroelectrica and nuclear power company Nuclearelectrica are among the companies to be run by outside managers.