“The decision on the dismissal will be made during a board meeting Tuesday,” the sources said.
Earlier Tuesday, Nicolae Demetriade sad he resigned from the position of Tarom CEO and board member.
Demetriade was appointed CEO of Tarom in June, after the company’s managing board decided to shorten the four-year term of Belgian general manager Christian Heinzmann to one year, dissatisfied with the latter’s activity. Demetriade was appointed member in Tarom’s board in May. He had served as general manager of Tarom between 2001 and 2002.
Tarom reported losses of RON63 million in the first half of 2013, lower than RON120 million in the same period in 2012. Its operating revenues reached RON534 million in January through June 2013, from RON498 million in the same interval a year ago.
The management plan, approved by the airline’s executive board in March, estimates losses at RON143 million in 2013 and at RON18 million in 2014. Tarom is expected to switch to profit of RON92 million in 2015 and of RON173 million in 2016.