The shareholders of the National Salt Company Salrom appointed three new members in the company’s board of directors, following a recruitment process carried out by two HR companies.

The three new members are Laurentiu Puiu, Oana Bizgan Gayral, and Mugur Nicolae Popescu. The appointment of the candidates was made at the proposal of the Economy Ministry, which is the majority stakeholder in Salrom.

The Department for Privatization and State Equity Administration (DPAPS) carried out the selection process. Two recruitment companies selected a total number of 16 candidates, based on interviews with each of the candidates. DPAPS then selected the three new Salrom board members out of the 16.

Listing Salrom through an initial public offering would be beneficial for the company and its shareholders, said Greg Konieczny, portfolio manager of the investment fund Fondul Proprietatea, which owns a minority 49% stake in Salrom. The state holds the majority 51%.

“We hope that the new board will quickly select a new CEO, who should propose and implement a sustainable development plan,” Konieczny added.

In January, the fund voted in favor of the listing, but the Economy Ministry has requested another delay to obtain further clarification from the company, Konieczny said.

editor@romania-insider.com