Hidroelectrica (BVB: H2O), one of the largest companies listed on the Bucharest exchange and majority-owned by the Romanian state, appointed Iulius–Dan Plaveti as new CEO, and Stan Mihail-Dan as CFO. Two candidates were in the running for the top position in Hidroelectrica when the procedure was initiated in March, after the failure in the autumn of 2025: the interim CEO, Bogdan Badea, and the general director of Oltenia Energy Complex, Iulius Plaveti. Last month, Bogdan Badea announced his withdrawal from the race for the company’s leadership, citing political pressure.