On Tuesday’s meeting, the Ordinary General Meeting of Shareholders of ROMGAZ has decided the exercise of cumulative voting to elect/reconfirm the members of the Board of Directors. After the vote, the new Board of Directors is formed by: Aristotel Jude (with the term of office ending on May 2017), Dumitru Chisalita (May 2017), Aurora Negrut (May 2017), Petrus Antonius Maria Jansen (January 2018), Gabriel-Sebastian Tcaciuc (December 2017), Buzatu Florin Dănuț (January 2018) and Stoicescu Florin-Răzvan (May 2017). The last two are newly elected members of the Board of Directors, on a proposal from the Ministry of Energy, while Virgil Metea and Ecaterina Popescu were revoked.
Aged 56, Virgil Metea has an over 30 years experience in the gas sector, including over 20 years in top management positions. Between 2003 and 2013, he led Distrigaz Nord, which became E.ON Gaz Romania, after privatization, and then E.ON Gas Distribution, and respectively E.ON Moldova Distribution. Virgil Metea is general manager of Romgaz since June 2013, elected based on Ordinance 109/2011 on corporate governance in state companies.
In a press release sent by Romgaz to Bucharest Stock Exchange, the share holders also decided not to approve an amendment of the calculation method of the performance indicators weighting factors, as well as the amendment of the Directors Plan in this respect. They also rejected the performance criteria and objectives in conjunction with the Income and Expenditure Budget of S.N.G.N. Romgaz S.A., as approved by Resolution No 5/2016 of the General Meeting of Shareholders.
