REG - Soc EnergElectricaSA - Change in the Management of the Company

Societatea Energetica Electrica SAAnnouncement

05/05/2022 17:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220505:nRSE5227Ka&default-theme=true

RNS Number : 5227K  Societatea Energetica Electrica SA  05 May 2022

To:                              Romanian
Financial Supervisory Authority (ASF)

 
Bucharest Stock Exchange (BVB)

                                    London
Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial
instruments and market operations, ASF Regulation no. 5/2018, and the
Bucharest Stock Exchange Code

Report date:  5 May 2022

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1(st) District, Bucharest,
Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock
Exchange (BVB) and London Stock Exchange (LSE)

 

Significant events to be reported: Executive Management Change

Electrica informs its shareholders and investors that, during the meeting held
on 5 May 2022, the Company's Board of Directors (BoD) decided to revoke Mrs.
Georgeta-Corina Popescu from the position of Chief Executive Officer (CEO)
without cause, starting with 16 May 2022, this being the last day when the
mandate contract takes effect.

At the same time, the BoD decided to appoint Mr. Chiriţă Alexandru-Aurelian,
Romanian citizen, as interim CEO, starting with 17 May 2022, for a period of 3
months, or until the appointment of a new CEO, respectively until the
revocation, whichever occurs first, with the possibility of revoking the
mandate granted at any time during the 3-month period.

The BoD also requested the Nomination and Remuneration Committee to initiate
with celerity a recruitment process for the position of CEO.

Electrica's BoD would like to thank Mrs. Popescu for her activity within the
Group and wishes her success in future projects.

 

Board of Directors Member
 

Adrian-Florin Lotrean
 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAEAKSSEESAEFA