A NEW BOARD TEAM ELECTED BY THE FOREIGN INVESTORS COUNCIL

The Foreign Investors Council, the association of the leading foreign investors in Romania, elected a new Board of Directors for the next twelve months at its recent General Assembly.
At its first meeting, the Board thanked Mr. Salvatore Candido, the outgoing President, for his contributions to the activities of the Foreign Investors Council during his mandate. Mr. Candido, Director, Romania for EBRD, has been closely associated with the growth and development of the Foreign Investors Council.

The Board elected Mr. Fergus Cass, Chairman of Unilever South Central Europe, as the new President of FIC. The Board also elected Mr. Christian Esteve, Renault Director for Eastern Countries, Mr. John Saunders, Chief Financial Officer of Kvaerner IMGB and Mr. Gilbert Wood, Managing Director of Hall, Dickler Romania as Vice Presidents.

Board Position	Individual	Company	Title
President	Fergus Cass	Unilever South Central Europe	Chairman
Vice President	Christian Esteve	Renault	Director for Eastern Countries
Vice President	John Saunders	Kvaerner IMGB	Chief Financial Officer
Vice President	Gilbert Wood	Hall, Dickler Romania	Romania Managing Director
Treasurer	Jean Pierre Vigroux	Pricewaterhouse Coopers	Chief Executive Officer
Board Member	Salvatore Candido	European Bank for Reconstruction and Development	Director, Romania
Board Member	Kurt Habersatter	Holcim	Chief Executive Officer
Board Member	Paul Hutton	Athenee Palace Hilton	General Manager
Board Member	Robert Luke	GED Capital Development	General Manager
Board Member	Serge Monier	Zaharul Oradea	President
Board Member	Bernard Moscheni	Orange Romania	Chief Executive Officer
Board Member	Veronica Savanciuc	Lowe Lintas GGK	President & CEO
Board Member	Zdenek Turek	Citibank Romania	President, Council of Administration
Board Member	Steve Woodward	URSUS	President