The state, a shareholder with 11.57% of the capital of Fondul Proprietatea, proposes the appointment of Ştefan Nanu, the head of the State Treasury, Alina-Mirela Petre, economist, and Valeriu-Andrei Steriu, former parliamentarian, in the Committee of Representatives, for the vacant seats it wants to fill following the revocation of the current members István Sárkány and Florian Munteanu, if the shareholders decide this. The proposals appear in the context of the Ordinary General Meeting of Shareholders scheduled for February 26, 2026 and come at a tense moment, in which the Ministry also requested the limitation of Franklin Templeton's mandate to one year, as well as the revocation of some members of the current Committee, due to disagreements regarding the administration of the Fund. Ştefan Nanu leads the State Treasury, the structure within the Ministry of Finance responsible for managing the public debt and the state's financial flows, being directly involved in the Government's financing strategy and in the relationship with institutional investors. His nomination indicates an intention of the state to have a stronger technical representation in the body that monitors the activity of the Fund administrator. Valeriu-Andrei Steriu is a former senator and deputy, with political and administrative experience, and his proposal comes for one of the seats that would become vacant as a result of the revocations requested by the Ministry. The changes in the Committee of Representatives are part of a wider repositioning of the state at Fondul Proprietatea. The ministry requested that Franklin Templeton's term be reduced to one year, arguing that a new four-year contract would not respect the shareholders' previous decision to organize a «simplified, transparent and efficient» selection for a new administrator. Franklin Templeton has already conveyed that it does not support a short mandate, warning that such a solution would create uncertainty regarding the management of the Fund and could lead to higher costs, including higher management fees in the case of extending the existing contract. In this context, the vote in February will not only decide the duration of the administrator's mandate, but also the composition of the Committee of Representatives, a body that approves budgets, monitors performance and has an important say in the relationship between shareholders and the administrator. For the state, the proposed appointments could mean greater influence in the strategic decisions of one of the largest institutional investors on the local capital market.
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