The other two members of the Board are Octavian Lohan, former general manager of the company, and Constantin Vaduva.

The three members were named until selecting the Board members based on the provisions of Government Emergency Ordinance GEO 109/2011 on the corporate governance of public enterprises, the statement also read.

Malaies was appointed Transelectrica’s general manager at the end of October. Since July 2007, he has been an advisor for strategic management with Mckinsey&Company, Budapest/Bucharest, Stuttgart/London, being in charge with projects in the fields of energy, industry, retail and fast moving consumer goods FMCG.

Mid-February, Lohan was named Transelectrica’s general manager, while in May he returned to his old position of deputy general manager. He has been working in the energy system for 40 years, 35 years of which with Transelectrica.

Transelectrica is state-owned, through the Economy Ministry, and its shares are listed on the Bucharest Stock Exchange.