Hidroelectrica appoints new CEO with extensive state-sector experience

The Supervisory Board of Hidroelectrica has appointed Iulius-Dan Plaveti as the new Chief Executive Officer (CEO) of the company, effective May 29, 2026. His mandate is set to continue until November 7, 2027. This appointment follows the conclusion of a selection process for the company's executive leadership. Mihail-Dan Stan has also been appointed as Chief Financial Officer (CFO) with a mandate ending on the same date. The decision ensures management continuity for the state-owned energy producer. Plaveti's prior experience includes leading several state-owned entities in the energy and transport sectors. He previously served as President of the National Energy Regulatory Authority (ANRE) from 2010 to 2012, interim General Director of TAROM airline from 2016 to 2017, and General Director of Hidroserv from 2018 to 2021. He has also held positions on the boards of the National Company Bucharest Airports and CFR Călători, and on the Supervisory Board of Transelectrica. Notably, the interim CEO, Bogdan Badea, withdrew from the selection process, stating he faced political pressure. Badea, who was one of only two candidates on the shortlist alongside Plaveti, will remain with Hidroelectrica as director of investments. Plaveti is expected to officially assume his new role after relinquishing all other board and director positions in both state and private companies.