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November 15, 2019
BUSINESS

Foggy situation for the management of Tarom




Analysis results due next week, Ramona Manescu, Minister of Transport, stated.
The Board of Directors of Tarom is scheduled to convene next week and discuss the appointment of two new administrators and extending the CEO mandate for Christian Heinzmann, Ramona Manescu, Minister of Transport, stated yesterday, Mediafax reports. She said the shareholders’ meeting scheduled Tuesday did not take place because SIF Muntenia representatives failed to show up. “I understand the Board of Directors will meet next week (…) The two new members will probably be coopted to fill in the vacancies,” the minister said during a visit at the subway construction site at Drumul Taberei.
When asked who the new administrators are, Manescu only named Manuel Donescu, Secretary of State and Ministry of Transport representative. “Consultants in charge of the selection were given multiple resumes and we will see when the Board of Directors convenes whom they will choose. Of course, so far, I know of the Ministry of Transport representative,” the minister added. Manescu continued by saying that the Board of Directors will also discuss extending the CEO mandate – initially valid for a period of four years – for Christian Heinzmann. “If the Board of Directors decides next week to extend Mr. Heinzmann’s mandate, he will stay and there will be no conflict. Mr. Pascariu (e.n. Dan Pascariu – Board of Directors chairman) is still part of the Board of Directors for the time being,” the minister stated. If Heinzmann’s mandate is not extended, it will end on November 19.
When asked if Dan Pascariu will preserve his position after the Board of Directors meeting, the minister did not give a clear answer. “You should ask the Board of Directors; why are you asking me?” Manescu replied.
According to inside sources, at the shareholders’ meeting scheduled on Tuesday, Pascariu was supposed to be revoked as Board of Directors chairman and the Belgian Christian Heinzmann’s mandate was supposed to be adjusted to four years.

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