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Lulache No Longer Member Of Nuclearelectrica Board Of Directors, Keeps GM Position By September

Daniela Lulache, the general manager of Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) since 2013, was not reconfirmed as a member of the company's Board of Directors but will keep the general manager position by September 1, according to the decision of the shareholders.
Lulache No Longer Member Of Nuclearelectrica Board Of Directors, Keeps GM Position By September
Gabriela Stan
25 apr. 2017, 17:39, English

On April 24, SNN shareholders voted for a provisional Board of Directors including Eva-Georgeta Andreas, Romulus-Cristian Anton, Cristian Gentea, Ionut Misa, Tatar Florin-Constantin, Iulian-Robert Tudorache and Tcaciuc Gabriel Sebastian, a list which does not include Daniela Lulache.

Nevertheless, on April 11, SNN Board of Directors had approved the extension of Lulache’s mandate as general manager for a four-month period starting with May 1, 2017.

During the Ordinary General Meeting of Shareholders, Nuclearelectrica shareholders also approved the proposal of the company’s Board of Directors on the distribution of the net profit for 2016. Thus, the total value of gross dividends was established at RON99.49 million, while the value of gross dividend per share, at RON0.33. The 2016 dividends will be paid on June 28, 2017.

Nuclearelectrica is the only nuclear power producer in Romania, being 82.5% controlled by the Romanian state.