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S.N. NUCLEARELECTRICA S.A. - SNN

Appointment of SNN's executive management on 4-year mandate

Release Date: 2/4/2019 5:49:08 PM

IRIS Code: 24686

Current report in compliance with Law no. 24/2017 regarding issuers of financial instruments and market operations and art. 234 paragraph (1), letter f) of ASF Regulation no. 5/2018 regarding issuers of financial instruments and market operations

Reporting date: 04.02.2019

 Name of the issuing entity: Societatea Nationala NUCLEARELECTRICA S.A.

Registered office: Strada Polona nr. 65, Sector 1, Bucuresti

Phone/fax number: 021-203.82.00 / 021 316.94.00

Sole Registration Code with the Trade Register Office: 10874881 Order number: J40/7403/1998

Subscribed and paid share capital: 3,015,138,510 Lei

Regulated market on which the issued securities are traded: Bucharest Stock Exchange

 

 

To:       Bucharest Stock Exchange

            Financial Supervisory Authority

 

 

Important event to be reported: The appointment of the executive managers of SN Nuclearelectrica SA on a 4-year mandate following the completion of the selection procedure

 

 Societatea Nationala Nuclearelectrica S.A. (“SNN”) informs its shareholders and investors that, in the meeting dated 04.02.2019, SNN Board of Directors approved the appointment of the General Manager, Deputy General Manager and Financial Manager of SNN on a 4-year mandate following the completion of the selection procedure of the executive management as approved by the BoD Decision no. 186/29.10.2018. Thus, in compliance with OUG 109/2011, GD 722/2016 and Law 31/1990, through the Decision of the Board of Directors no. 2/04.02.2019 and no. 3/04.02.2019, the following have been appointed:

 

1.      Mr. Cosmin Ghita to the position of General Manager on a 4-year mandate starting 11.02.2019;

2.      Mr. Dan Laurentiu Tudor to the position of Deputy General Manager on a 4-year mandate starting 11.02.2019;

3.      Mr. Adrian Dumitriu to the position of Financial Director on a 4-year mandate starting 11.02.2019.

 

The provisional mandates of the General Manager, Deputy General Manager and Financial Director as appointed through BOD Decision no. 176/23.10.2018 will automatically terminate at the date of appointing the executive managers on a 4-year mandate.

 

The appointments are made based on the recommendation of the Nominalization and Remuneration Committee within the Board of Directors of SNN in compliance with art. 20, paragraph 2, letter c) and art. 21, paragraph 1 of SNN’s Articles of Incorporation, art. 35, paragraph 1, 2, 4 and 8 of OUG 109/2011 with the subsequent amendments and with art. 143, paragraph 1, 2, 4 and 5 of Law 31/1990.

 

As per the BoD Decision no. 186/29.10.2018, at the recommendation of the Nominalization and Remuneration Committee dated 16.10.2018, the launching of the selection procedure was approved for the General Manager, two Deputy General Managers and a Financial Director. Based on benchmarking with other nuclear units at international level corroborated with the internal processes, activities, projects and related responsibilities forecast, the SNN Board of Directors has decided through Decision no. 3/04.02.2019 to appoint only one Deputy General Manager.

 

Consequently, Mr. Viorel Lary Toni’s provisional mandate will rightfully terminate on 06.03.2019, as per the BoD Decision no. 176/23.10.2018, no. 2/04.02.2019 and no. 3/04.02.2019. 

 

 

 Iulian-Robert Tudorache

President of the Board of Directors

 



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