Gheorghe was replaced by Stefan-Doru Bucataru, who will act as interim chief executive officer until Transelectrica appoints a new board.
In a separate statement Tuesday, Transelectrica said Ovidiu-Petrisor Artopolescu has stepped down as chairman of the company’s Supervisory Board.
Artopolescu has been elected chairman earlier this month. He was replaced by Ion-Toni Teau, general manager of Lasselsberger Romania, a unit of Austrian manufacturer of building materials.
Transelectrica is owned by the Finance Ministry, which controls 58.69% of the shares. Other shareholders include investment fund Fondul Proprietatea (FP.RO), with a 13.5% stake, and regional investment fund SIF Oltenia (SIF5.RO), with 6.3% of the shares.
On the Bucharest bourse Tuesday, Transelectrica closed down 0.93% at RON12.83 a share.