Tarom named the general manager and Board president in Board meeting Wednesday, the company said in a statement.
Tarom current general manager Sorin Georgescu will fill in the position until signing the deal with Vystoupil.
At the end of last week, Vystoupil and Pascariu were named members of the Board, next to Dumitru Prunariu, Lucian Isar, Marius Ghenea, Ciprian Ladunca and Valentin Macec.
Macec was named Board vice-president.
The Board also elected four committees, namely the Committee for Audit with Ciprian Ladunca as president, while Lucian Isar and Dan Pascariu are members, the Committee for corporate governance – with Marius Ghenea as president, while Dumitru Prunariu and Valentin Macec are members, the Operational and Safety Committee – with Dumitru Prunariu as president, Valentin Macec and Heinrich Vystoupil as members, and the Financial and risk management Committee, with Lucian Isar as president, Ciprian Ladunca and Dan Pascariu as members.
Dumitru Prunariu, the first Romanian astronaut, was officer of the Romanian Army between 1978-2007. He led the Romanian Space Agency between 1998-2004 and in December 2011, he was named honorific member of the Romanian Academy.
Lucian Isar was minister delegate for Business Environment during Victor Ponta mandate as Premier, and resigned early August.
Marius Ghenea is an entrepreneur, former general manager at retailer Flanco. He now runs several local online stores such as pcfun.ro and pcgarage.ro.
Ciprian Ladunca is CFO and vice-president of insurance company Metlife Alico Romania, former AIG Life.
Valentin Macec is the personal advisor of Transport Minister Ovidiu Silaghi.
The administrators, with a four-year manade, have the duty to turn the company profitable, Silaghi said Friday.
Tarom is controlled by the Transport Ministry which selected in July the consortium PwC/D&B David and Baias/George Butunoiu to recruit private general managers and managing board members for the companies under its authority with turnover higher than EUR7.3 million. The companies targeted are railway operator CFR SA (CFR Infrastructura), passenger railway carrier CFR Calatori, airline Tarom, national roads authority CNADNR, subway operator Metrorex, the Bucharest Airport National Company (CNAB), port administrator Administratia Porturilor Maritime Constanta, navigable Danube canal administrator Administratia Canalelor Navigabile, Timisoara International Airport “Traian Vuia” and Telecomunicatii CFR.
Under standing agreements with the IMF and the EC, Romania’s Government has pledged to appoint private management at 48 state-owned companies.