01.17.2013

The managers of Romanian insolvent power producer Hidroelectrica have been dismissed from their positions Thursday as part of a larger reorganization process, Hidroelectrica’s legal administrator more

01.09.2013

Romanian former minister delegate for business environment Lucian Isar could be appointed interim Board Chairman of state-run natural gas transporter Transgaz Medias (TGN.RO), according to a more

01.04.2013

Nestle, one of the world’s largest food industry groups, has appointed Herve de Froment to manage Romanian operations as of January 1, according to market sources. He previously worked for Nestle, more

01.02.2013

Cornel Poterasu has been reappointed general manager of the Bucharest Airport Company, which manages the city’s Otopeni International Airport, said Romanian Transport Minister Relu Fenechiu. more

12.21.2012

Horia Ciorcila, managing board chairman at Romanian lender Banca Transilvania (TLV.RO), will coordinate the bank’s business and its Executive Management Committee, replacing Peter Franklin, the bank more

12.16.2012

Romania’s Government is looking for a person with experience in the banking sector to fill one of the positions of vice-president at state-run lender Eximbank, after Mihai Mandres failed to get the more

12.07.2012

Serbian group NIS, controlled by Russian giant Gazprom, has recruited several former executives of local oil companies this year, especially from OMV Petrom (SNP.RO), to build a management team that more

12.03.2012

Romania’s management authorities will be transferred under a single authority during 2014-2020, first of all under the coordination of a minister and then under regional control, Prime Minister more

11.30.2012

Dragos Dinu, who served as chief executive officer of the largest local pharmaceutical group A&D Pharma until 2008, has been given a position in the board of electronics, home appliances and computer more

11.29.2012

Panos Makris, chief commercial officer of mobile operator Cosmote, has been appointed to the same position at mobile operator Romtelecom, the two companies said Thursday. more

11.29.2012

Romanian telecom operator Romtelecom on Thursday said it has appointed Mihai Tudor to the position of chief commercial officer (CCO) for the business segment, replacing George Makowski who left more

11.28.2012

OMV Petrom (OMV.RO), the largest company in Romania, will have a new chief financial officer as of next year after its current CFO Daniel Turnheim stepped down before the end of his term on April 17, more

11.28.2012

OMV Petrom (SNP.RO) has gone through a major transformation in the past few years and, but there is still a lot more to be done, as 1,500 projects are in the course of implementation, says Mariana more

11.26.2012

Romania’s Economy Ministry received five bids for consultancy in the selection of members with state-owned companies’ Board of Directors and Surveillance Councils. more

11.26.2012

Executive search companies Spengler Fox, Amrop, Boyden and consulting and audit firm PwC on Monday submitted offers to recruit private managers for Romania’s state-run companies, people close to the more

11.20.2012

Romanian authorities hired local interim management company Quest Advisors to recruit new executives for the National Lottery Company, market participants said Tuesday. more

11.16.2012

Premier Victor Ponta replaced Friday Marius Lucian Obreja from the position of president of the Romanian Privatization Authority AVAS with Adrian Volintiru, former manager with Rompetrol, Relad and more

11.13.2012

Romania’s Economy Ministry said Tuesday it will resume the selection of private managers at state-owned companies included in its portfolio. more

10.26.2012

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) on Friday said it appointed Dragos George Bilteanu as new Board chairman and general manager of the fund starting December 1. more

10.25.2012

Romania’s Economy Ministry has appointed Andrei Gabriel Benghea-Malaies as the new general manager of state-run power grid operator Transelectrica (TEL.RO), the energy company said in a statement more

10.15.2012

Only two of the seven new members of the board of directors of Tarom have experience in the aviation sector, and only one of them worked for a private airline, although the law demands experience in more

10.03.2012

Mihai Balan, the new general manager of Romanian state-run chemical company Oltchim SA (OLT.RO), said Wednesday he will meet with bank officials to discuss unlocking the company’s accounts to allow more

10.02.2012

Romanian state-run chemical company Oltchim SA (OLT.RO) has appointed Mihai Balan as its new general manager, just one day after the government has failed to complete the sale of a 54.8% stake in the more

09.28.2012

In September 2010, when Franklin Templeton got the management of Fondul Proprietatea (FP.RO), the fund was not listed but its shares were trading for 0.5 to 0.6 lei (EUR0.11-EUR0.13). Now they are more

09.27.2012

The Romanian Government Thursday decided to replace the president of state-run lender EximBank, Ionut Costea, with Traian Halalai, currently deputy manager at Banca Romaneasca. more