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Changes in the management structure

Release Date: 11/20/2018 12:29:55 PM

IRIS Code: F66DF

No. 9835/ November 20, 2018
TO: Financial Supervisory Authority

Bucharest Stock Exchange

Current report according FSA Regulation nr.5 / 2018
Report date: November 20, 2018


Legal address: Navodari, Bulevardul Navodari nr. 215 (Pavilion Administrativ), Constanta County

Phone number: 0241/506100; 506553

Fax number: 0241/506930; 506901

Trade Registry number: J13/534/1991

Sole Registration Code: 1860712

Subscribed and paid-up capital: 4,410,920,572.60 RON

Regulated market on which securities are traded: Bucharest Stock Exchange (market symbol RRC)

Important event to be reported: Changes within the Company’s executive management

The undersigned, Rompetrol Rafinare S.A (hereinafter referred to as the Company), market symbol RRC, is informing the audience upon the appointment, starting with November 15, 2018, of Mr. Mircea-Stefan Stanescu in the position of Financial Manager of the Company instead Mr. Vasile-Gabriel Manole who has taken over the position of Finance Manager of the Trading & Supply Chain Business Unit.

Mr. Stanescu is the graduate of the Bucharest Academy of Economic Studies, Department of International Affairs and Economy, as well as of the Bucharest University of Agronomical Studies and Veterinary Medicine, Management and Engineering Department. Later he continued his post-graduate studies at the Bucharest Academy of Economic Studies with a Master Program in the field of International Logistics.

Starting with 2017 until the appointment as Rompetrol Rafinare Finance Manager, Mr. Stanescu held the position of PPM Group Director, his main duty being the performance coordination, controlling and assessment within KMG International Group and its affiliate entities.

Previously Mr. Stanescu held numerous positions within KMG International Group entities, joining the Group in 2010 as an accountant for Rompetrol Downstream. Starting with 2012 until the end of 2016 he worked within the KMGI Trading & Supply Chain Business Unit, starting with the position of an accountancy manager within KMG Trading AG up to the level of Finance Business Partner of the Trading Business Unit.

The change within the management structure of the Company was registered at the Trade Registry Office attached to Constanta Tribunal based on the Resolution no. 28188 dated November 16, 2018, in accordance with Certificate of Notes Registration, issued on November 19th, 2018.

Chairman of the Board of Directors of

Romeptrol Rafinare S.A.


Saduokhas Meraliyev


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