The largest Romanian energy producer Hidroelectrica will have a new manager tasked with coordinated the process to list a 15 percent share package in the company on the Bucharest Stock Exchange.

Finance specialist Ștefan Alexandru Frangulea will hold this position starting April 28, and will also be in charge with selling the 123 micro hydro power plants in the company's portfolio, according to Hidroelectrica.

The decision to appoint Frangulea was made by judicial administrator Euro Insol,following the recruitment process by Pedersen&Partners from 2013.

Frangulea will manage the relationship with shareholders and investors and will implement the privatization strategy via listing on the Bucharest Stock Exchange and on the London Stock Exchange.

Frangulea graduated the Academy of Economic Studies ASE in 2000, and specializes in finance, insurance and the stock market. He also holds two MBA degrees, one from the International Executive Development Centre, Slovenia, and another from the Vienna University of Economics and Business Administration, Austria.

His latest position was of sales management division director with BCR Pension Fund, starting June 2013. He previously worked with Garanti Group, with General Electric, as well as with HVB Bank, Raiffeisen Bank and Citi Bank. His full CV is here.

editor@romania-insider.com