The new Board members are Ecaterina Popescu (on behalf of the Energy Department, the company’s majority shareholder), Peter Jansen and David Klingensmith, on behalf of investment fund Fondul Proprietatea, the company’s minority shareholder, according to a statement of the Bucharest Stock Exchange.
Aurora Negru (Chairman of the Board), Virgil Marius Metea, Constantin Adrian Volintiru and Eugen Dragos Doros were all reconfirmed to their positions.
Romgaz shareholders also approved the company’s rectified budget for 2013, which envisages revenues of RON4.34 billion, expenses of RON3.12 billion and net profit of RON1.02 billion.
Romgaz is majority owned by the state, through the Energy Department. In October, the company raised RON1.7 billion in an initial public offering of shares and global depository receipts traded in Bucharest and London, respectively.
On the Bucharest Stock Exchange Friday, Romgaz traded up 0.77% at RON34.19 a share.