“The Board of Directors of S.N.G.N. Romgaz S.A. appoints Mr. Volintiru Constantin Adrian as Chief Executive Officer of S.N.G.N. Romgaz S.A. for a period of 4 years,” the company said in an announcement on the stock market.
Adrian Volintiru has been filling this position since June 2018, while also holding the position of executive member of Romgaz Board, which he had also held between May 2013 and June 2014.
Between 2000 and 2006, Volintiru had held various management positions within Rompetrol Group.
Romgaz, with a market capitalization of RON13.1 billion, plans to boost its investment budget by 40% in 2018, up to RON1.6 billion.
Romgaz also expects a slight decrease in turnover, from RON4.58 billion in 2017 to RON4.3 billion in 2018.