The seven new members are Gheorghe Olteanu, Ion Ciuculete, Liviu Ilasi, Adrian Mitroi, Alin-Sorin Mitrica, Fanel Mihalcea and Constantin Dumitru.

Shareholders also decided to put off making a decision as regards approving the profile of the Supervisory Board and discussing the issue of approving the profile of candidates for the position of board member. 

On April 13, 2018, Transelectrica’s Supervisory Board appointed Gheorghe Olteanu as provisional supervisory board chairperson.

Transelectrica also appointed Adrian-Constantin Rusu as its general manager, effective May 7, 2018. Rusu is replacing Corina Popescu.

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 envisaged a profit of RON26.4 million.