Romanian Oil Terminal Dismisses Board Chairman

Wagner will remain member in the board, as well as general manager of Oil Terminal.

The company’s shareholders named former secretary of state Andrei-Brabu Todea as the new chairman of the board.

Wagner’s dismissal comes a few weeks after minority holder Broadhurst Investments accused the former of signing a series of damaging contracts. The investment fund requested stockowners file a formal complaint against Wagner and force him to pay a 16,000 lei (EUR3676) fine, but the holders rejected the proposals.