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Bucharest
July 26, 2021
BUSINESS

Search for a private manager of Tarom will resume

The General Shareholder Meeting (AGA) of Tarom on Monday approved the conditions of the mandate contract of the non-executive members of its Board of Administrators, and all the members signed the contracts these days, the airline announces in a press release. Heinrich Vystoupil, former country manager of Austrian Airlines for Romania and Moldova, who had been recently appointed as Chairman of the Board of Tarom following a recruiting process, gave up this office and was also revoked from the Board. He will be replaced by another candidate from the list provided by the consultant. “(…) The AGA took act of Mr. Heinrich Vystoupil’s resignation from the positions of CEO and member of the Board, following the non-acceptance of the conditions provided by the mandate contract, and revoked him from the position of administrator. The Board of Administrators will proceed, without delay, at appointing a new manager from the list of candidates selected by the consultants of the Ministry of Transport,” mentions the source. Until the new CEO is nominated, his attributions will be taken over by the acting CEO of the company, Sorin Georgescu. The management recruiting process targets the companies CFR SA (CFR Infrastructura), CFR Calatori (CFR Passengers), Tarom, CNADNR, Metrorex, Aeroporturi Bucuresti (Bucharest Airports), Administratia Porturilor Maritime Constanta (Constanta Seaports Administration), Administratia Canalelor Navigabile (Navigable Canals Administration), Aeroportul International Timisoara ‘Traian Vuia’ (Timisoara International Airport), Telecomunicatii CFR and Electrificare CFR. Tarom was the first company that announced the new managers, followed by Administratia Porturilor Maritime and the Administratia Canalelor Navigabile.

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