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BUCHAREST - Societatea Energetica Electrica S.A. (Electrica), a leading Romanian utilities company, announced the appointment of Mr. Mihnea-Andrei Craciun as an interim member of its Board of Directors. The appointment, effective from May 1, 2025, will extend until the next Ordinary General Meeting of Shareholders (OGMS) or at the latest until April 30, 2026.
Electrica, which is listed on both the Bucharest Stock Exchange (BSE) and the London Stock Exchange (LON:LSEG) (LSE), made the announcement in line with the regulatory compliance requirements of Law 24/2017 on issuers of financial instruments and market operations, FSA Regulation no. 5/2018, and the Bucharest Stock Exchange Code.
The decision was made by the Board of Directors in accordance with Article 137^2, paragraph (1) of Law no. 31/1990, and Article 18, paragraph (9) of the Articles of Association. Mr. Craciun’s appointment as an interim director follows the company’s governance procedures for board member selection and is aimed at ensuring the continuity of Electrica’s strategic direction and operations.
Electrica is a significant player in the Romanian energy sector, with a current share capital of RON 3,395,530,040. The company’s headquarters are located at 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania.
This move comes as part of Electrica’s ongoing efforts to strengthen its leadership team and maintain its commitment to corporate governance best practices. The appointment of Mr. Craciun is expected to contribute to the company’s strategic initiatives and its operational effectiveness during the interim period.
Investors and shareholders were informed of this development through the required reporting channels. The company has provided contact details for further inquiries related to the appointment.
This news is based on a press release statement from Electrica and is intended to inform stakeholders of the latest developments within the company’s Board of Directors.
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