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Bulgaria Stock Exchange Elects New Management.

Bulgarian banker Asen Yagodin was voted Wednesday President of the Board of Directors of the Bulgarian Stock Exchange (BGSE).

Vasil Golemanski was elected Deputy President while Ivan Takev will now be the BGSE Executive Director.

The new Board has 5 members. Lyudmila Elkova and Lyubomir Boyadzhiev will be members of the Directors Council (DC), but unofficial sources report that Elkova is to be replaced at the next General Assembly of the shareholders.

The General Assembly released Wednesday from their duties: Victor Papazov as President of the Board of Directors, Lyudmila Elkova as Deputy President of the DC, Bistra Ilkova and Ivan Takev as Executive Directors, Todor Breshkov, Andrey Pramov, and Asen Yagodin as DC members.

Bulgaria's Finance Minister, Simeon Djankov, did not attend the General Assembly meeting, except for a short while in the very beginning.

He later issued a statement hailing the changes.

"I believe this change will bring lots of benefits for the BGSE and will help it find its place on the European market. I am convinced the new management team will make the BGSE a regional leader and an attractive point for foreign and local investors," Djankov says in his statement.
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Publication:Sofia News Agency
Date:Jan 20, 2010
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