The Board of Directors/Remuneration and Nomination Board Committee of Societatea Comerciala de Producere a Energiei Electrice in Hidrocentrale “Hidroelectrica” S.A. opens the recruitment for the positions of:
           * Non-executive members of the Board of Directors

Hidroelectrica is the biggest power generator in Romania with a market share of approximately 30% and energy produced during the average hydrological year of 17.3 TWh. The installed capacity is 6,400 MW in hydroelectric power plants. Revenues in 2011 amounted to 3.02 billion RON (aprox. 679 million EUR). The company is 80% controlled by the Romanian Ministry of Economy, Commerce and Business Environment and 20% is owned by Fondul Proprietatea, Romanian fund administered by Franklin Templeton Investments Management Ltd. More information about the company and its operations can be found at: www.hidroelectrica.ro

The Board of Directors is seeking candidates, capable of working in a highly demanding environment and who will supervise and control the operations of the company. Main objective of the Board of Directors is to increase value for the company’s shareholders.

Main duties and responsibilities:
•Directors are expected to attend all Board meetings and to pro-actively involve in discussions and decisions
•Main directors’ responsibilities are: to establish the main directions of activity and development of the company, to establish the accounting and financial control systems and to approve the financial planning, to appoint and revoke the company management team and determine their remuneration, to supervise the company’s management operations as in accordance with Romanian Companies Law 31/1990 republished, with subsequent amendments, to present the annual report, to organize the General Shareholders Meeting and to implement the General Shareholders Meetings resolutions. A full list of responsibilities of the Board of Directors is found in the Constitutive Act of the company and in the Romanian Companies Law 31/1990 republished, with subsequent amendments.

The conditions that must be fulfilled by the candidates:
• university degree;
• at least five years experience in economics, accounting, audit or legal or at least three years of experience in executive management or administration positions at private or public profitable companies. Preference will be given to those with experience in companies with cumulative reported earnings exceeding EUR 5m and cumulative revenues exceeding EUR 50m over the past 3 years.
• knowledge of the Company-specific business and industry
• international experience is a plus
• knowledge of capital markets is a plus
• experience in developing corporate strategies is a plus
• excellent communications and organisational skills and ability to work in diverse teams,
• ability to articulate its own views and opinions
• knowledge of good corporate governance standards
• highest ethical standards,
• good knowledge of the English language or French language or German language or Russian language.

Selection criteria:
• Fulfilment the conditions above and the conditions stipulated in the Romanian Government Emergency Ordinance 109/2011 on corporate governance in state owned enterprises.
• Letter of Intent (Technical offer)
As a result of the interview a maximum of 7 candidates will be selected.

General rules of the recruitment process:
Hidroelectrica has selected Adecco Romania to assist and help with the recruitment process. Candidates should submit their applications in sealed envelopes marked with the following note: “Recruitment procedure for the position of Member of the Board at Hidroelectrica S.A.” by 28th of June 2012 at the following address: O.P. 37, C.P. 152, Bucharest 024290, ROMANIA.
Applications are accepted in English or in Romanian.

The following should be enclosed with an application:
•letter of intent (not more than 2 pages long). The cover letter will be considered the technical offer, in accordance with Emergency Government Ordinance 109/2011 and will consist of, but not limited to the motivation for submitting the application and the contribution the candidate could have during the Board Meetings,
•curriculum vitae,
•statement on own responsibility confirming no criminal record
•statement on own responsibility to the effect that no criminal proceedings have been instigated or are pending against the applicant,
•statement on own responsibility confirming the applicant’s consent to process his/her personal data for the purposes of the recruitment and selection procedure.

The selected candidates will be notified of the venue and date of an interview, by phone.
The documents confirming the applicant’s qualifications, the criminal record, references as well as the statement on own responsibility confirming the applicant’s consent to collect his/her references and credentials will be requested at a later date for those short listed.

The Board of Directors reserves the right to:
•Interview only selected candidates;
•Close the recruitment procedure at any time without stating the reasons and with no candidates being selected.
Please note that pursuant to legislation in force, Board Members can be recommended by the Board of Directors of the company but the appointment will be made through the General Shareholders Meeting. This recruitment procedure has been initiated given the requirement for the implementation of Romanian Government Emergency Ordinance 109/2011 on corporate governance in state owned enterprises.

CLARIFICATION
For avoidance of any doubt regarding the eligibility conditions and candidates ranking during the selection procedure for the positions of non-executive Members of the Board of Directors of Hidroelectrica, we inform all interested persons that a technical background shall ensure the same level of eligibility and may be an advantage during the selection procedure.Furthermore, please note experience in energy market may be an advantage in ranking among eligible candidates.
Please be informed that AmCham Romania does not recommend any candidate. For additional details please use the contacts in the announcement or contact Ms. Oana Truta at otruta@templeton.com  or 021.200.96.05.