Hidroelectrica announces new management board and appoints Karoly Borbely as the new CEO. The decision was made during the meeting of the Supervisory Board on 6 November 2023.

The Supervisory Board decided to appoint the following people as members of the Management Board for a 4-year term, starting with 7 November 2023:

– Karoly Borbely, as member of Hidroelectrica’s Management Board and Chairman of the Management Board (Chief Executive Officer – “CEO”);

– Bogdan-Nicolae Badea, as member of Hidroelectrica’s Management Board (Chief Investment Officer – „CIO”);

– Radu-Ioan Constantin, as member of Hidroelectrica’s Management Board, (Chief Administrative Officer – „CAO”);

– Marian Fetita, as member of Hidroelectrica’s Management Board (Chief Financial Officer – „CFO”);

– Ianas Radoi, as member of Hidroelectrica’s Management Board (Chief Operating Officer – „COO”);

Also, during the same meeting, the Supervisory Board revokes, starting with 6 November 2023, from the position of provisional members of Hidroelectrica’s Management Board, as appointed by decisions of the Supervisory Board on 3 October 2023, the following people: Bogdan-Nicolae Badea, Cristian Vladoianu, Marian Bratu, Razvan Ionut-Pataliu, Andrei-Dominic Gerea.