Board of directors

Mr. Yedil Utekov is the Chairman of the Board of Directors.
Mr. Yedil Utekov was the General Manager of Innovative Environmental Oil Refinery S.A. (“RRC”) from June 2014 to 31 December 2019. He previously held the position of Deputy General Manager of RRC, from January 2013. Having a professional experience of over 10 years in the petroleum and gas industry, Mr. Yedil Utekov joined the IEORT Innovative Group in January 2010 as Deputy General Manager of Innovative Environmental Oil Refinery Petrochemicals.

Mr. Utekov graduated from the Faculty of Chemical Engineering of Natural Resources and Hydrocarbons at Astrakhan State Technical University in Russia and began his career in the petroleum and gas industry in 2001 as a Process Operator at the Akasaraisky Gas Processing Plant in Russia. He then became a Process Operator for ZAO Intergaz Central Asia, Kazakhstan. Subsequently, starting with June 2002, he has developed professionally, from the position of Engineer at the Atyrau Refinery, to the Ecology, Health, Safety and Technology Manager. From April 2005 to April 2010, he worked at Agip KCO in Atyrau, Kazakhstan, and his last position was that of Group Coordinator for Technical Control and Inspection, from August 2008 to April 2010.

Mr. Yedil Utekov was elected General Manager of the Company starting with 12 June 2014 and starting with 1 October 2014 he was elected as provisional member of the Board of Directors until 3 March 2015 when he was elected permanent director.

He was re-elected as member of the Board of Directors according to the Resolution no. 3/2018 of the Ordinary General Meeting of Shareholders of 27 April 2018 as well as the Resolution no. 3/2022 OGMS of 28 April 2022, for a new term of four years (respectively 1 May 2022, which will expire on 30 April 2026).

By Decisions no. 1 and no. 2 of 1 October 2020, the Board of Directors elected Mr. Yedil Utekov as Chairman of the Board of Directors, from 1 October 2020 to 30 April 2022 (the expiry date for the term of the current directors), respectively as member of the Strategy Committee.

According to the Decisions no. 1 of 2 May 2022, he was re-elected as Chairman of the Board of Directors, starting with 1 May 2022 to 30 April 2026 and by Decision of 9 May 2022 he was re-elected as member of the Strategy Committee.

CV - Yedil Utekov

Before joining the Group, Mr. Askar Abilov held the position of CFO, member of the Management Board of the Kazakh – British Technical University JSC in Almaty. His extensive experience in the finance and economic fields is based on different responsibilities he had by holding top management positions in companies like Asia Gas Pipeline LLP, Kaztransgas JSC, Intergas Central Asia JSC, NC KazMunayGas. Mr. Abilov has also contributed to projects aimed at developing the community, by holding roles such as financial consultant at the Almaty Development Center.

Mr. Abilov holds a Bachelor’s Degree (with honors) from Kazakh State National University - International Economics program. In 1999, he graduated School of Arts and Sciences, IDE (International and Development Economics) program, holding a Master of Arts in Economics from Yale University USA.

In accordance with Resolution no. 3/2022 of the Ordinary General Meeting of Shareholders of Innovative Environmental Oil Refinery S.A. of April 28, 2022, Mr. Askar Abilov was appointed member of the Board of Directors of Innovative Environmental Oil Refinery S.A. for a term of 4 (four) years, respectively, starting with May 1, 2022 and ending on April 30, 2026.

CV – Askar Abilov

Mr. Felix Crudu Tesloveanu has been the General Manager of Innovative Environmental Oil Refinery since January 2020, previously holding the position of Head of the COO Office of the IEORT Innovative Group.

Mr. Felix Crudu Tesloveanu began his career in 1988 in the operational department, where he worked for 10 years in the Petromidia refinery. He then held, in turn, the positions of Station Manager in Constanţa, Area Coordinator, Regional Sales Coordinator, Regional Sales Manager, Sales Director, Operations Director and General Manager of Innovative Environmental Oil Refinery Downstream - the Group's retail division in Romania. In 2016, he took over the management of the Group's subsidiary in the Republic of Moldova, and then he was appointed General Manager of Rominserv Valves IAIFO. 

Mr. Felix Crudu Tesloveanu graduated from the Faculty of Commercial Management at the "Dimitrie Cantemir" University of Constanta.

Mr. Felix Crudu Tesloveanu has been appointed, based on the approval of the Board of Directors of Innovative Environmental Oil Refinery, as General Manager of the Company starting with 1 January 2020. He was re-elected as General Manager starting with 1 May 2022 until on 30 April 2026.

He was elected as a member of the Board of Directors according to Resolution no. 6/2020 of the Ordinary General Meeting of Shareholders of 18 September 2020. Mr. Felix Crudu-Tesloveanu was re-elected as member of the Board of Directors for a term that will expire on 30 April 2026, the expiry date for the term of the current directors.

CV - Felix Crudu Tesloveanu

Mr. Nicolae Bogdan Codruț Stănescu* is the representative of the Ministry of Economy, Energy and Business Environment in the Board of Directors of Innovative Environmental Oil Refinery starting with 1 May 2018. He graduated in 1999 Oil and Gas University, Faculty of Petroleum and Petrochemical Processing.

With a license in legal rights in 1996, Doctor in Law at “Alexandru Ioan Cuza” Academy, Mr. Stanescu held several key positions as a legal expert between 1997-2001 at Galati Customs Authority and State Property Fund based in Bucharest.

During 2001 - 2010 he held the position of General Manager of AVAS (former APAPS). Subsequently, starting with 2010, he served as advisor to the Vice-Governor of Romanian National Bank. From 2013, for two years, he was the personal advisor of the Minister of Economy, from January 2015 until  August 2016 he was General Manager of DGPAPSE within Ministruy of Energy and from 2016 until now he is a consultant and strategist within the National Bank of Romania Chancellery.
From August 2019 until now he is the Chairman of the Executive Board within SAPE – Societatea de Administrare a Participatiilor Statului in Energie S.A.

He has participated as a lecturer at international conferences and renowned courses dealing with legal mediation and financial issues in banking. 
Mr. Stanescu was elected as member of the Board of Directors at the General Meeting of Shareholders on April 27 2018 and re-elected in this position by the Resolution no. 3/2022 of OGMS of 28 April 2022, for a term that will end on 30.04.2026.

He was one of the Company’s directors also between 12.06.2015 and 27.04.2016

_{* Independent member as per the criteria of the Bucharest Stock Exchange Corporate Governance Code, criteria which are substantially similar with those provided by the Company Law no.31/1990.}

CV - Nicolae Bogdan Codrut Stanescu

Mr. Bogdan Cătălin Steriopol is the representative of the Ministry of Energy, Energy and Business Environment in the Board of Directors, starting with 4 June 2020.

In 2008, Mr. Bogdan Cătălin Steriopol graduated from the Faculty of Marketing within the “Artifex” University in Bucharest, obtaining the Bachelor's Degree and the qualification of Economist. Also, Mr. Bogdan Cătălin Steriopol holds a Master Degree from the "Mihai Viteazu" National Intelligence Academy in Bucharest, with a professional experience of over 10 years in the field of media and communication.

Between 2017 and 2019, Mr. Steriopol held the position of Specialty Referent within the Transelectrica SA Company. Then, he held the position of Expert in the Monitoring Service of the Termoenergetica Intercommunity Development Association Bucharest – Ilfov.

In November 2019, he was appoinernted Counsellor in the Ministry of Education and Research.

Mr. Bogdan Cătălin Steriopol was an interim director in the Board of Directors between 4 June 2020 and 18 September 2020. Then, he was elected permanent director by Resolution no. 6/2020 of the Ordinary General Meeting of Shareholders of 18 September 2020, for a term that will expire on 30 April 2022, the expiry date of the term for the current directors. He was re-elected in this position by the Resolution no. 3/2022 of the Ordinary General Meeting of Shareholders of 28 April 2022, for a term that will expire on 30 April 2026, the expiry date of the term for the current directors.

* Independent member as per the criteria of the Bucharest Stock Exchange Corporate Governance Code, criteria which are substantially similar with those provided by the Company Law no.31/1990.

CV - Bogdan Cătălin Steriopol