BSE head Sobolewski temporarily accepts Romanian Postal Service top position

Bucharest Stock Exchange (BVB) Director General Ludwik Sobolewski has accepted the position of Chairman of the Board of Directors at the Romanian Postal Service National Company (CNPR) on Wednesday; he pointed out, however, that it will be a short-term commitment until the company moves closer to completing its privatization, according to Agerpres.

2014-06-12 11:19:08

"I have accepted this position, but it will certainly be a short-term commitment. The Romanian Post is undergoing privatization, and my tenure will not exceed the period needed by the company to prepare for this process. When we are closer to completing the privatization, my resignation from this position will be a good thing for transparency reasons, because one of the options in the privatization process could be the company listing," Sobolewski said.

As regards the privatization method, Sobolewski mentioned that stock exchange listing is preferable for all the companies with good perspectives; nevertheless, the company interests should prevail . Sobolewski will also hold his position at BVB.

The Ministry for the Information Society (MSI) announced that the Romanian Post has a new Board of Directors under Sobolewski, and a new interim Director General, Alexandru Petrescu. "The priorities of the new Board of CNPR are to reinforce the company′s financial stability, re-launch the privatization process, and renegotiate the Addendum to the Collective Bargaining Agreement for 2008-2018 with the Trade Union of Postal Workers of Romania, in order to ensure sustainable financial conditions for the activity of CNPR," MSI mentioned in a release. MSI owns a 75 percent stake in CNPR on behalf of the state, with the remaining 25 percent held by the Proprietatea Fund.