PwC Romania, in consortium with correspondent law firm D&B David ?i Baias and George Butunoiu Group, will provide consultancy services for the recruitment of the private managers of ten state companies controlled by the Ministry of Transport and Infrastructure, according to a press release. The 10 companies are: Compania Nationala de Cai Ferate CFR, Societatea Nationala de Transport Feroviar de Calatori (CFR Calatori), Compania Nationala de Autostrazi si Drumuri Nationale din România CNADNR, Compania Nationala Administratia Porturilor Maritime Constanta, Compania Nationala Administratia Canalelor Navigabile, TAROM, Compania Nationala Aeroporturi Bucure?ti SA, Societatea Nationala Aeroportul International Traian Vuia Timisoara, Societatea Comerciala de Transport Metroul Bucuresti (METROREX SA), and SC Telecomunicatii CFR SA. The recruitment process should be finalized by the end of this year. Overall, more than 50 managers will be recruited, 10 CEOs and 43 non-executive Board members. “Introducing private management to state owned companies is a key objective of Romania’s agreement with the International Monetary Fund and a major step forward in improving corporate governance of these firms”, stated Vasile Iuga, Country Managing Partner, PwC Romania.
