THE FOREIGN INVESTORS COUNCIL
ELECTS A NEW BOARD OF DIRECTORS
The Foreign Investors Council (FIC), in their annual General Assembly on April
7 2003, elected a new Board of Directors. The new Board, which will serve for
the next twelve months, is comprised of 15 members, listed in alphabetical order
of their company:
Patrick Gelin - BRD Groupe Societe Generale; Alexis Sacre - Coca Cola; Rod Grant
- Ernst&Young; Roberto Musneci – GlaxoSmithKline; Gilbert Wood - Hall
Dickler; Helmut Bernkopf - HVB Bank; Kurt Habersatter – Holcim; Victor
Kevehazi – KPMG; John Saunders – Kvaerner IMGB; Veronica Savanciuc – Lowe & Partners;
Bernard Moscheni – Orange; Jean Pierre Vigroux – PricewaterhouseCoopers;
Christian Esteve – Renault; Serge Monier - Zaharul Oradea; Gianluca Testa
- Zoppas Industries.
The new Board will elect its officers, consisting of a President, three Vice
Presidents and a Treasurer, in its first meeting on April 24 2003.
The outgoing Board expressed its gratitude to Fergus Cass, its former President,
for his outstanding contribution to the FIC and particularly for guiding it through
a challenging period for investors in Romania. The FIC thanked Mr. Cass for his
efforts, enthusiasm and dedication during his term of office, which contributed
significantly to improving the Romanian business climate.
The Board reported that the first big event of last year, which set the FIC’s
2002 agenda, was the publication in May of the third edition of the “White
Book”. On this occasion, the White Book was linked explicitly to EU membership
and indeed was given the title “An Investment Climate for EU Membership”.
The FIC believes that many of the proposals in the White Book regarding improvements
to the business climate are crucial to achieving Romania’s successful entry
into the EU. Increasingly, the views of the FIC are a factor in assessments about
whether Romania is making progress regarding EU accession.
Since publication of the
White Book, there has been further progress. The FIC
senses that the government is serious about listening
to the concerns of the business community. At the same
time, many businesses have yet to see the impact of
this progress on their day-to-day operations. The FIC
believes that following up on the implementation of
the White Book recommendations is a key challenge for
the next twelve months, and one where the FIC can play
an important role.