BUSINESS

Mark Gitenstein, interim member in the Committee of Fondul Proprietatea

The former US ambassador in Bucharest, Mark Henry Gitenstein was appointed interim member in the Committee of Representatives of Fondul Proprietatea, FP officials announced yesterday in a communiqué. The Committee of Representatives is made of five members which are tasked with the general supervision of the investment manager and the sole administrator of the Fund and report to Fund shareholders. Gitenstein replaces Cristian Busu, who resigned on April 22, although his mandate would have ended in September 2013. Fondul Proprietatea is a joint-stock company which operates as a closed-type investment company on unlimited duration, listed on the Bucharest Stock Exchange.

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