Sobolewski let go from the Romanian Postal Office

Ludwik Sobolewski, the CEO of the Bucharest Stock Exchange, has been replaced as CEO of the Romanian Postal Office, as part of the General Shareholder Meeting of July 15th.

The representatives of the Romanian Postal Office told us: "The members of the Board of Directors of the Romanian Postal Office, elected in the General Shareholder Meeting of July 15th, 2015, are: Dante Stein (Chairman of the Board), Alexandru Petrescu, Benoit Pleska and Adrian Cighi".

Ludwik Sobolewski had taken on the position of Chairman of the Romanian Postal Office in the summer of 2014, causing the displeasure of some of the members of the Board of the Bucharest Stock Exchange, who claimed that they had not been consulted on this move, as Sobolewski had recently been appointed at the management of the BSE.

Even back then, Sobolewski had expected his term at the helm of the Postal Office to be brief. Last summer he was saying the following: "I have accepted this position (ed. note: of chairman of the Postal Office). Most likely it will be for a short period of time, because the Postal Office will go through a privatization process. I don't see my term extending beyond the time it takes for the company to get ready for privatization. When it gets closer to the privatization it will be better for me to resign, because this process may take place through an IPO".

All of the members of the current Board of Directors have also served on the previous one, which also included Sobolewski and Rodica Bizdoaca (former manager at Oracle and IBM).

The Ministry for the Computerized Society (MSI) has accepted, in February, the non-binding offer submitted by "bpost" for the 51% stake in the Romanian Postal Office "Compania Naţională Poşta Română".

The Belgian operator must submit the final offer for the privatization of the Romanian Postal Office by September 28th 2015, according to what Mr. Alexandru Petrescu, the CEO of the Romanian Postal Office told us in May, who said that the listing on the Bucharest Stock Exchange is the plan "B", in which case the privatization fails. Sources from the market are saying that the negotiations with the Belgians aren't going too well and that their bid is very low.