TAROM announces the appointment of Nicolae Demetriade to the Board of Directors

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General Meeting of Shareholders of TAROM yesterday approved the appointment of a new member of the Board of Directors, in order to complete the team made up of six members. The appointment of the new member of the Board of Directors took place in accordance with the statute of the company TAROM, which provides for a maximum of seven members on the Board of Directors.

"Mr. Nicolae Demetriade comes with a rich experience in aviation and a very good knowledge of the TAROM company, which strengthens our team. It is very important that a board of directors has a diversified composition, any large company having members on the board of directors in several areas ",

said Dan Pascariu, President of the TAROM Board of Directors.

Nicolae Demetriade graduated from the Academy of Economic Studies in the year 1970 and has over 40 years of experience in the aviation and tourism industry. He held various management positions within TAROM during the 1981-2002 period, between the years 2001-2002 and being the general manager of the company.

TAROM's management strategy will continue to be implemented in accordance with the approved and ongoing management plan, which has already achieved positive results in the first quarter of this year. The management team, made up of the members of the Board of Directors and those of the executive management, continues to be thus a solid, complete one, with different areas of expertise and top professional skills, which ensures the successful implementation of the company's recovery strategy.

The aim of the management team is for TAROM to become a company with profitable operations by the end of 2015, as well as the favorite airline of all Romanians, by regaining the undisputed leader position in Romania for air passenger transport.

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