Petru Vaduva resigned from
the position of general manager of the Romanian state-owned gas transporter
Transgaz Medias, invoking personal reasons.
The company’s board
appointed Ion Sterian, the current board president, as interim general manager,
according to a press release issued by the company yesterday evening.
Both Vaduva and Sterian
began their terms in 2013. Vaduva’s mandate would have officially ended in June
this year, according to Transgaz. However, he decided to leave the office one
month earlier. He will continue his mandate as non-executive administrator
within Transgaz.
The gas transporter had a
net profit of EUR 70.4 million in the first three months of the year, up 86%
year-on-year. Transgaz is controlled by the state, through the Ministry of
Economy, which holds 58.5% of the shares.
The company is listed on
the Bucharest Stock Exchange and has a market value of EUR 1.1 billion.
(
romania-insider.com
)