Hidroelectrica has new chief of Supervision Board
George Cristodorescu, former deputy general manager at E.ON Romania until September has been elected the president of Supervision Board of Hidroelectrica, replacing Remus Borza, according to a release of the power producer. 2013-12-04 14:18:38
Cristodorescu, 50 years, is licensed in business administration at Worms University in Germany. Also, during the latest board meeting, the members voted five new members in the Supervision Board while two have got the second mandate.
Besides Cristodorescu, the new members are Victor Cionga, the former GM of Bucharest Stock Exchange, Adrian Rusu, manager of Transelectrica, Mihaela Preda, working for Privatization Division in Energy Department and Gheorghe Stirbu, GM of pharmaceutical company Egis Romania. Oana Truta and Adrian Grosan have been voted for the second mandate in the supervision board. The ones that didn't get the votes for another mandate are Remus Vulpescu, Elena Popescu and Gabriela Sandu. The Minister Delegate for Energy Constantin Nita announced in mid November that a new supervision board will be voted on December 1.
The Board supervises the activity of Hidroelectrica, names the management and approves the company P&L budget. Hidroelectrica shareholders are the Romanian state with 80.05 percent of shares and Fondul Proprietatea, with 19.95 percent
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