On February 26, 2026, the Board of Directors of Electrica made a significant decision to remove Ștefan Alexandru Frangulea from his position as Chief Financial Officer, effective immediately. The decision has drawn attention, particularly as it was stated to be without just cause. Frangulea had been in this role since January 2022, bringing considerable experience to the company.
Upon his departure, Frangulea expressed gratitude to his team for their collaboration and stated that the decision was influenced by differing views regarding the strategic direction of the company. His remarks indicate potential internal conflicts that may have existed within the leadership team, especially concerning the future vision and priorities of Electrica.
Frangulea’s professional background is notably robust, boasting over 20 years of experience in the financial sector. Prior to his tenure at Electrica, he had held positions at several prominent banks, where he gained extensive expertise in financial management and strategic planning. His removal comes at a pivotal time for the company, as it recently announced record financial results for the year 2025. The company reported a net profit of 1.2 billion lei, a remarkable achievement that is 2.5 times greater than the profit recorded in 2024. This significant increase underscores the strong performance of Electrica within the industry and may raise questions about the circumstances surrounding Frangulea’s exit.
The timing of Frangulea’s dismissal juxtaposed with the company’s substantial financial success has sparked discussions about company dynamics and leadership decisions. Stakeholders may be keen to understand the implications of this change, especially in light of the company’s promising financial trajectory. The results from 2025 reflect the strategic efforts and operational efficiencies that have likely contributed to Electrica’s enhanced profitability.
In the current business environment, where adaptability and innovative strategies are crucial, the leadership structure of Electrica will be closely monitored. The approach that the remaining members of the board take following Frangulea’s removal will be crucial in maintaining the company’s momentum and achieving ongoing growth. The focus on aligning the company’s strategic goals with operational execution will be paramount during this transitional phase.
The board of directors will have the opportunity to reassess its strategic initiatives and ensure that the company remains on a path towards sustained success, especially when facing market changes and evolving industry standards. Investors and employees alike will be eager to see how Electrica navigates this transition and what new leadership may bring to the table regarding vision and strategy.
In summary, Frangulea’s departure from Electrica marks a significant shift for the company, particularly as it celebrates record profits and seeks to build upon its successes. The internal dynamics reflected in this leadership change highlight the importance of cohesive strategy and vision in driving a company forward, especially in the fast-paced financial landscape. The coming months will be critical for Electrica, as it continues to strive for excellence in a competitive market while ensuring that leadership decisions align with the overarching goals of the organization.
