Romgaz is 70% owned by the Romanian state, through the Economy Ministry.
Ziarul Financiar wrote on October 21 that the Romanian State, as a majority shareholder, might vote to extend the mandates of the company’s current provisional Directorate members and reject the three proposals made by the Economy Ministry, which had proposed Cristian Firu, economist, Andrei Dimitriu, jurist, and Virgil Popa, engineer, for members of the Board of Directors.
The Chairman of the current Board of Directors is Manuela-Petronela Stan Olteanu. Board members include Aristotel Marius Jude, Marius-Dumitru Marin, Balazs Botond, Romeo-Cristian Ciobanu, Jansen Petrus Antonius Maria and Nicolae Bogdan Simescu.
Romgaz shareholders also approved the company’s rectified individual 2020 revenue and expenditure budget.
Romgaz has a market value of RON10.4 billion and its shares have been trading down 26.8% since the beginning of 2020, amid deals worth RON811.4 million.