October 6 (SeeNews) - Romanian gas transmission company Transgaz has named Florin Muntean its new CEO as of October 5, it said on Tuesday.
Muntean, who was Transgaz CEO between 2005 and 2007, replaces Ioan Rusu, the company said in a statement.
"As the new CEO is familiar with Transgaz operations we view the news as neutral," Raiffeisen Research said in a note to investors.
Majority state-owned Transgaz sees this year’s net profit rising to 313.9 million lei ($108 million/74 million euro) from 239 million lei last year.
Transgaz stock (www.transgaz.ro) is a component of the blue-chip index of the Bucharest bourse. The company shares traded 1.70% up at 155.6 lei by 0739 GMT on Tuesday.
(1 euro = 4.263 Romanian lei)