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Thursday, November 15, 2018 
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SOCIETATEA ENERGETICA ELECTRICA S.A. - EL

Executive Management change

Release Date: 10/16/2018 8:30:10 AM

IRIS Code: 067D4

Societatea Energetica Electrica S.A.

9, Grigore Alexandrescu str.

010621 District 1, Bucharest, Romania

Phone: 021-208 59 99; Fax: 021-208 59 98

Fiscal Registration Certificate RO 13267221

J40/7425/2000

Share capital: 3.459.399.290 RON

www.electrica.ro

 


To:                Romanian Financial Supervisory Authority (ASF)

                      Bucharest Stock Exchange (BVB)

                      London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code

Report date: 15 October 2018

Company name: Societatea Energetica Electrica S.A.

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,459,399,290

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

Significant events to be reported:

 

Executive Management change

 

During the meeting held on 15 October 2018, the Board of Directors of Electrica SA has reached a mutual agreement with Mr. Dan Catalin Stancu to terminate without cause of the mandate agreement from the CEO position of Electrica SA, starting with 1 November 2018.

 

At the same time, the Board of Directors decided the nomination of Mrs. Georgeta Corina Popescu, Romanian citizen, as interim CEO of Electrica SA starting with 1 November 2018 for a one year period or until the nomination of a new CEO – whichever occurs first.

 

The BoD also requested the NRC (Nomination and Remuneration Committee) to initiate with celerity a transparent recruitment and selection process of a new CEO, with the support of a specialized consultant.

 

Chair of the Board of Directors,                                                                           

Elena Doina DASCALU                                                     

 

 



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