The chairman of the Board is Ion Sterian. The other Board members are lawyer Stefan Radu Cernov, George Bogdan Iliescu (manager at BRD Corporate Finance), Ion Petru Vaduva (former CEO of Tiriac Holdings) and economist Nicolae Vlad Neacsu, proposed by investment fund Fondul Proprietatea (FP.RO).
Vaduva was named general manager of Transgaz in June.
Cernov has been reelected Board member after he resigned from this position in June, following strong criticism by minority shareholders regarding the legitimacy of the management.
The former Managing Board of Transgaz was appointed in April and Fondul Proprietatea called on the company to convene a new meeting of shareholders to elect new members through cumulative voting.
Shareholders also decided Board members will receive gross pay of 4,037 lei (EUR910) per month.
Transgaz is 58.51%-owned by the Finance Ministry, while Fondul Proprietatea holds a 15% stake. (EUR1=RON4.4369)