Steven van Groningen among candidates for Board of Nominees membership in Property Fund

Newsroom 21/03/2012 | 14:45

Raiffeisen’s Dutch president and CEO, Steven van Groningen, has been proposed by US hedge fund Elliott Associates, which holds a 13.1 percent stake in the Fund, as member in the Board of Nominees in Property Fund (FP). The board seat has attracted seven candidates up to March 20.

A position in FP’s board of nominees became available after the resignation of Bogdan Dragoi, who was appointed Finance minister.

This board represents shareholders and oversees the financial performance of FP, which had a net asset value of EUR 3.69 billion at end-February.  The board has four members with a three year mandate and one president.

In the current structure, three members come from the Ministry of Finance, while the president is Sorin Mindrutescu, general director of Oracle Romania.

Piotr Rymaszewski, the Polish CEO and Manager of Polish Octava NFI, an investment fund listed in Warsaw, has also been pushed by Elliott for the board position in FP.

City of London, which holds a 7.2 percent stake in FP, has proposed the British Julian Healy, member of the Institute of Chartered Accountants in England  and Wales, who is also the current deputy board member.

Apart from the headlining candidates, FP shareholders proposed Ilie Calugaru, an engineer, Razvan Milea, economist and legal advisor, Dumitru Beze, an investment consultant and Cristina Busu, economist and member of the Board of Nominees of FP.

The board member will be voted during the next FP general shareholders’ meeting organized on April 4.

Ovidiu Posirca

 

 

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue