Transelectrica SA also informed the shareholders and investors that the Supervisory Board appointed Constantin Saragea as provisional Directorate member during its meeting of June 8, 2018, by means of Decision 58. The mandate is granted for the time interval left until expiry of the mandate of Directorate members in office, namely July 16, 2018.
In April 2018, Transelectrica’s Supervisory Board appointed Gheorghe Olteanu as provisional Supervisory Board chairman. Olteanu had been provisional Supervisory Board member since March 31, 2018.
Transelectrica, 58.68% held by the Romanian state, posted a loss of RON47.9 million in 2017. The company revised its preliminary earnings report that indicated a profit of RON26.4 million.