Hidroelectrica’s Supervisory Board extended the management’s mandate for another five months, according to information previously published “according to sources” by Energynomics.

Thus, during the meeting on October 3, 2023, the Supervisory Board decided to appoint “Mr. Bogdan-Nicolae Badea, as a provisional member of the Hidroelectrica Directorate and President of the Directorate (alternatively also called Executive Director or Chief Executive Officer – CEO ); of Mr. Cristian Vladoianu, in the position of provisional member of the Hidroelectrica Directorate, Chief Administrative Officer (CAO); of Mr. Marian Bratu, in the position of provisional member of the Hidroelectrica Directorate, Chief Operation Officer (COO); of Mr. Răzvan Ionuț-Pataliu, in the position of provisional member of the Hidroelectrica Directorate, Chief Human Resources Officer (CHRO) and of Mr. Andrei-Dominic Gerea, in the position of provisional member of the Hidroelectrica Directorate, Chief Financial Officer (CFO); starting on October 7, 2023, for a period of 5 months or until the appointment of new members of the Hidroelectrica Directorate selected under the conditions provided by GEO 109/2011 on corporate governance of public enterprises, approved with amendments and additions by Law 111/2016 , if the selection is completed before the mentioned term”.

Hidroelectrica has in hand a new management selection campaign according to GEO 119. This will respect the principles of corporate governance and will include the selection of managers for four-year mandates.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.