Market News


Appointment of provisional CFO

Release Date: 8/10/2022 7:26:48 PM

IRIS Code: B5442

Current report in compliance with art. 234 letter g) of FSA Regulation no 5/2018 regarding issuers of financial instruments and market operations

Reporting date: 10.08.2022

Name of the issuing entity: Societatea Nationala NUCLEARELECTRICA S.A.

Registered office: 65 Polona St., district 1, Bucharest

Phone/fax number: 021-203.82.00 / 021 – 316.94.00

Sole Registration Code with the Trade Register Office: 10874881

Registration number in the Trade Register: J40/7403/1998

Subscribed and paid-up share capital: 3.016.438.940Lei

Regulated market on which the issued securities are traded: Bucharest Stock Exchange


To:                Bucharest Stock Exchange

                    Financial Supervisory Authority

Significant event to report: Appointment of Mr. Dan Niculaie - Faranga as provisional CFO, with a 4 -month mandate 12.08.2022 until 12.12.2022, inclusive.

SN Nuclearelectrica SA informs shareholders and investors about the decision of the Board of Directors of SN Nuclearelectrica SA (SNN) dated 10.08.2022, based on the recommendation of the Nomination and Remuneration Committee no. 9221/09.08. 2022, regarding the appointment of Mr. Dan Niculaie - Faranga as provisional Chief Financial Officer, with a 4-month mandate, starting from 12.08.2022 until 12.12.2022, inclusive, with the possibility of extension, for justified reasons, up to a maximum of 6 months, pursuant to art. 64^2 of GEO 109/2011 as amended and supplemented.

The appointment of Mr. Dan Niculaie-Faranga as provisional CFO is in accordance with the provisions of art. 642 of GEO 109/2011, according to which in the event that management duties of the public enterprise have been delegated to directors, and the position(s) of director remain(s) vacant, the Board of Directors may appoint a provisional director until the selection procedure is completed, according to the provisions of GEO 109/2011.

According to the current reports issued by SNN, Mr. Dan Niculaie-Faranga has also been appointed as provisional CFO, with a 4-month mandate, starting from 11.02.2022 until 10.06.2022, inclusive, with a two-month extension, starting from 11.06.2022 up to a maximum of 6 months, pursuant to art. 64^2 of GEO 109/2011 with subsequent amendments and additions.

Mr. Dan Niculaie-Faranga has over 20 years of experience in management positions in finance, in industries such as financial services, real estate development, consulting, mergers and acquisitions, and energy. In the last 9 years he has contributed to the structuring and carrying out of complex financing for investment projects, mergers and acquisitions of SNTGN Transgaz SA and managed the activity of SNTGN Transgaz SA subsidiaries in the Republic of Moldova.

Mr. Dan Niculaie Faranga is a graduate of the Faculty of International Economic Relations of the Academy of Economic Studies, of a post-graduate course in banking and scholarship management and has graduated the Canadian M.B.A. Program organized by the University of Ottawa, Ecole des Hautes Etudes Commerciales Montreal and the Academy of Economic Studies with specialization in Finance.


Cosmin Ghita

Director General



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