Bucharest, Romania - The board of of Electrica SA, an electricity distribution company, and Ioan Rosca have reached a mutual agreement to terminate his mandate as CEO no later than June 2016.
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Previously, Mr. Rosca had been the General Manager of the distribution and supply subsidiary, Electrica Transilvania Sud, for a three-year time, before taking-over the leadership of Electrica Distribuţie Transilvania Sud subsidiary, for five years.
Mr. Rosca had joined the predecessor company of Electrica in 1991 and held various top management positions over time. ■