Ruttenstorfer, chief of Petrom's mother company OMV , charged with insider trading
“I am convinced that I bought the shares correctly and that I obeyed all rules,” Ruttenstorfer said in a telephone interview, denying any wrongdoing. He expects the company’s supervisory board to examine the charges, he said. Ruttenstorfer, 60, has been chief executive of central Europe’s biggest energy company since 2002. He is due to retire at the end of March.
OMV is the mother company of Romanian Petrom, owning 51 percent of the local company.
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