The board of the Conpet Petroleum National Petroleum Transporter decided to extend the term of office of the General Director, Dan Silviu Baciu, for a further period of four months.

“The Board of Directors approved, by Decision no. 13 / 25.05.2018, the extension of the term of office of Dan Silviu Baciu, General Manager, for a period of four months, until October 6, 2018 or until the implementation of the General Director of GEO no. 109/2011 on Corporate Governance of Public Enterprises, approved with amendments and completions by Law no. 111/2016, when it will occur earlier expiry office of the Director General”, according to a release issued on Friday by Conpet to Bucharest Stock Exchange (BSE), quoted by News.ro.

Conpet is controlled by the state, through the Energy Ministry, which holds 58.71% of the shares. The company has a capitalization of 850.17 million lei.