“The National Gas Transmission Company “TRANSGAZ” SA notifies all stakeholders that the selection procedure for the company’s positions of Director General and Chief Financial Officer was completed according to the provisions of GEO no. 109/2011 on the corporate governance of the public enterprises, as amended and of GD no. 722/2016 for the approval of Methodological Rules for the application of provisions under GEO no. 109/2011,” Transgaz said in a stock market report released Wednesday.
“Following the conclusion of the selection procedure and the recommendation of the Nomination and Remuneration Advisory Committee, Transgaz’ Board of Administration appointed Mr. Ion STERIAN as Director General and Mr. Marius Vasile LUPEAN as Chief Financial Officer under Resolution no. 22/27.07.2021,” Transgaz said in a stock market report released Wednesday.
Ion Sterian and Marius Vasile Lupean have held these positions since May 2021, when the company’s Board of Directors decided to appoint them to serve in temporary capacity, until the completion of the selection procedure.
Ion Sterian has been working for Transgaz since 2013, during which time he has held the positions of Chairman of the Board of Directors, administrator, interim director general and director general.
Marius Vasile Lupean has been working for Transgaz since September 2000, during which time he has held the positions of economist, head of department, director of the accounting division and director of economic department.
Transgaz has a stock market capitalization of RON3.2 billion and is 58.5% owned by the Romanian State.
Transgaz shares have been decreasing by 3.71% since the beginning of 2021, amid deals worth RON135.3 million, per stock market data.