Bulgarian Energy Holding CEO Dismissed

Mihail Andonov, Chief Executive Officer of the Bulgarian Energy Holding (BEH), has reportedly been dismissed. Photo by BGNES

Mihail Andonov, Chief Executive Officer of the Bulgarian Energy Holding (BEH), has been dismissed.

Andonov, former CEO of the National Electric Company (NEK), was appointed CEO of BEH in March 2012.

According to a media statement posted on the website of Bulgaria's Ministry of Economy, Energy and Tourism, Dragomir Stoynev, Minister of Economy and Energy, has dismissed the Board of Directors of BEH including Mihail Andonov, Bozhan Stoyanov, and Todor Shopov.

The newly elected members of BEH's Board of Directors are Boyan Boev and Georgi Hristozov.

The media statement does not specify motives for the staff reshuffle at BEH.

According to reports of Sega daily, the departure of senior officials of BEH comes at a time when the National Electric Company (NEK) is to spin off the Electricity System Operator (ESO).

The delay by over one year of the spin-off transaction caused the European Commission to launch infringement proceedings against Bulgaria, mediapool.bg notes.

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