The shareholders of the gas producer Romgaz, one of the most profitable state-owned companies, want to extend the temporary administrator mandates for Gabriel Gheorghe, Bogdan-Nicolae Stan, Alexandru Chirilă and Virgil Metea, two months after their expiration, the subject being on the agenda of the AGA meeting that will take place on September 7th.

Also, in the same meeting, a Romgaz administrator will be elected for a term valid until December 31st, 2017, for the position from the Board that will become vacant starting August 11th, 2017 as a result of the dismissal of Sebastian Gabriel Tcaciuc as administrator. Sebastian – Gabriel Tcaciuc quit last month this position. He took over as chairman of the board in May this year, when he replaced Dumitru Chisalita, according to News.ro.

Romgaz achieved a net profit of 565,8 million lei (125,7 million euros) in the first quarter of this year, 16% higher than in the same period last year.

The company’s shares are traded on the Bucharest Stock Exchange (BVB) and the London Stock Exchange (LSE). The main shareholder is the Romanian state, through the Ministry of Energy, with a 70% stake. Romgaz currently has a market value of 10,9 billion lei (2,4 billion euros).