The three new members are Constantin Vaduva, Gabriel Mustea and Florin Mihaita Boangiu. Their mandate is valid for four years.
Transelectrica’s new executive board includes Stefan Doru Bucataru (chairman and general manager) and Vaduva, Mustea, Boangiu and Ciprian Gheorghe Diaconu (members).
The general manager of Transelectrica and the other managing board members might receive annual gross pay of up to 1.4 million lei (EUR323,000) each.
Transelectrica is 58.69% controlled by the Finance Ministry. Other shareholders include Fondul Proprietatea (FP.RO), with 13.5% of the shares, and regional investment fund SIF Oltenia (SIF5.RO), with a 7.11% stake.
On the Bucharest Bourse at about 11:30 local time (GMT0830), Transelectrica was trading down 0.74%, at RON13.4 a share. (EUR1=RON4.4551)