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December 6, 2022
ECONOMYTRANSPORTS

Tarom CEO Christian Heinzmann faces suspension

Belgium’s Christian Edouard Heinzmann, Tarom CEO, has been proposed for suspension because of inefficient management, Transport Minister Dan Costescu informed. The Tarom air carrier is operating under the authority of the Transport Ministry.

The Transport Minister pointed out that Heinzmann will no longer be able to exercise his prerogatives starting on March 22, provided the members of the Board will agree with the ministry’s proposal.

The final decision thus belongs to the Board, which will convene in a new session. The Transport Ministry however owns 97 percent of Tarom. In case the members of the Board nevertheless decide that there are no serious management problems, Heinzmann will be able to remain in office, but his prerogatives would be significantly curtailed, Costescu stated.

At the same time, Heinzmann’s prerogatives as human resources manager, which he was exercising in parallel with those of CEO, have been suspended.

Transport Minister Dan Costescu recently announced in the Senate a restructuring plan for Tarom.

Christian Edouard Heinzmann was appointed Tarom’s CEO on 19 November 2012.

In early March this year, the Government refused to approve Tarom’s budget for 2016, deciding to ask the company’s private management for a medium and long-term revitalization strategy. The Government pointed out that the failure to approve the budget was meant to be a signal for “heightened responsibility.”

Last year, Tarom registered losses of RON 41 M, despite the fact that its budget estimated a much lower level of just RON 8 M.

 

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