Bulgarian Energy Holding Conducts Top-level Reshuffle at Several Companies

The Board of Directors of the Bulgarian Energy Holding (BEH) has carried out a top-level reshuffle at a number of state-owned energy companies.

Georgi Hristozov and Georgi Zlatev have been removed from the Board of Directors of the Maritza Iztok mines (Mini Maritsa Iztok EAD) and are to be replaces by Dian Chervenkondev and Nikolay Dikov, according to a media statement of BEH.

Andon Andonov keeps his place on the BoD of the Maritza Iztok mines. An Executive Director of the coal mining company is to be elected at a BoD sitting.

Ekaterina Istatkova has been removed from the post of Chief Executive Officer of the National Electric Company (NEK).

Istatkova is to be replaced by Petar Iliev, who has been a member of the governing body of NEK.

Changes have also been made to the Executive Board of the Electricity System Operator (ESO), which welcomes Ivan Yotov, Dimitar Valchanov and Milko Milkov as new members.

Diyan Dimitrov has been elected member of the Board of Directors of state-owned thermal power plant Maritsa Iztok 2. He replaces Mihail Mitkov.

The changes will enter into force after their inscription into the Business Register.

The changes at the governing bodies of the state-owned energy companies are aimed at streamlining their management and stabilizing their financial condition, according to the media statement of BEH.