Tarom is the first company controlled by the Transport Ministry that has finished the selection of private managers.
In July, Romania’s Transport Ministry selected consortium PwC/D&B David and Baias/George Butunoiu to recruit private general managers and managing board members for the companies under its authority with turnover higher than EUR7.3 million.
The companies targeted are railway operator CFR SA (CFR Infrastructura), passenger railway carrier CFR Calatori, airline Tarom, national roads authority CNADNR, subway operator Metrorex, the Bucharest Airport National Company (CNAB), port administrator Administratia Porturilor Maritime Constanta, navigable Danube canal administrator Administratia Canalelor Navigabile, Timisoara International Airport “Traian Vuia” and Telecomunicatii CFR.
Headhunters interviewed over 1,000 contestants and shortlisted 319 for the 54 management positions in the abovementioned companies.
Under standing agreements with the IMF and the EC, Romania’s Government has pledged to appoint private management at 48 state-owned companies.