End of the BVB General Manager’s Mandate

UniCredit Bank S.A.
Summary: 
BVB Board of Governors has decided to end the mandate of the current General Manager.
Fri, 29/03/2013

At the Board of Directors meeting held on March 29 a decision was made to end the mandate of Mr. Victor Cionga, the General Manager of the Bucharest Stock Exchange.

The decision will enter into force in two months’ time from the date of notification, until then Mr. Cionga will continue to exercise his responsibilities and will ensure an easy transition. Mr. Cionga was appointed to the position last year on July 18.

Impact on investors: BVB Board of Governors has decided that it is time for the BVB to have a change in management.