Rompetrol head steps down from management position

Rompetrol head Dinu Patriciu stepped down from the management positions of all Romanian companies within the oil group.

„I kept the COE and the group presidency positions in Holland, but I withdrew from all executive posts in Romania. I did not feel this decision was necessary to be announced publicly as it could have been read as a surrender following the pressure I was exposed to.

Now I can tell you that I withdrew from these positions for quite a while and I took all measures to appoint new persons in order to protect the company’s interest” said Patriciu quoted by the Bucharest-based newspaper Jurnalul National on Saturday.

The announcement came after the Court rejected on Friday the prosecutors’ request to arrest the Rompetrol chairman charged with financial wrongdoing.