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Energy Minister Removes Bulgarian Energy Holding Directors

Date: 13.11.2009

Bulgaria's Minister of Economy, Energy and Tourism, Traicho Traikov, has removed the board of Directors of the Bulgarian Energy Holding (BEH), a Ministry press release announced.

Traikov released the Directors after terminating their contracts by mutual consent, with no pay out offered. Boris Pekov - Chairman of Board of Directors, Tencho Popov - Deputy Chairman of Board of Directors and members of the board Galina Tosheva, Dimitar Gogov and Dimitar Dimitrov were all removed.

The new Board of 3 Directors is headed by Maya Hristova - Deputy Minister of Economy, Energy and Tourism. The two other Board members are Galina Tosheva, who was re-elected as Executive Director and Dobrin Stefkin -civil servant in the State Commission on Information Security.

Traikov concluded that the changes were intended to improve operational performance in the management of the Holding.

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