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Romania's Electrica names interim CEO

Romania's Electrica names interim CEO Electrica Romania

BUCHAREST (Romania), May 6 (SeeNews) - Romanian power supplier and distributor Electrica [BSE:EL] said it has named Chirita Alexandru-Aurelian as its interim chief executive officer.

Alexandru-Aurelian will replace Georgeta Corina Popescu for three months starting May 17 or until the nomination of a new CEO – whichever occurs first, Electrica said in a filing to the Bucharest Stock Exchange, BVB, on Thursday.

Popescu's contract was terminated following a decision by the company’s board of directors on May 5. Popescu was appointed in October 2018.

Electrica's net profit rose 7.8% on the year to 321 million lei ($69 million/65 million euro) in 2021.

In February, the company announced it plans to invest some 750.5 million lei in 2022, mostly in its distribution network.

Blue-chip Electrica, in which the state owns a stake of 48.8%, is listed on the BVB and the London Stock Exchange.

Its shares changed hands 0.67% lower at 8.9 lei by 1325 CET on Friday on the BVB.

(1 euro=4.9490 lei)

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