Dimitris Sophocleous said he will resign from the position of general manager of CFR following the rejection of the plan. Sophocleous was named general manager of CFR in January.
The company’s board members, elected to a four-year term, include Sophocleous, Lucian Isar (chairman), Enache Jiru, Danut-Leonard Sandu and Florian Raimund Kubinschi.
The private management of CFR said it had reduced the company’s arrears to the state budget to 540 million lei (EUR123 million) in March 2013, from RON620 million in December 2012, and obtained RON1.3 million/year after renegotiating rents.
“The chairman of the Managing Board of CFR SA, Lucian Isar, and general manager Dimitris Sophocleous express their concern regarding the lack of transparency of the decision to stop and cast doubt on the process to bring the company back on track,” reads the press release. (EUR1=RON4.3806)