Energy for Growth



Board of Directors and Executive Officers

The following table sets forth the names, ages and certain other information concerning

Ascom-Group S.A. executive officers



Anatol Stati President
Artur Lungu Commercial Vice President
Marius Velescu Vice President, Exploration and Production

Anatol Stati, is our founder, President and Chief Executive Officer and has served in this capacity since our founding in 1994. Prior to founding Ascom, our affiliate, Mr. Stati served as a Director at Decebal, a local Moldovan consumer goods trading company, from 1989 to 1994. Prior to joining Decebal in 1979, Mr. Stati was a Construction Equipment Operation Engineer for the Large-Panel House Building Plant in Moldova. Mr. Stati’s professional career began as an Operating Engineer at the Directorate for Building and Assemble in Chisinau, Moldova, Mr. Stati holds a Bachelor of Science degree in Mechanical Engineering from the College of Construction Engineering and a secondary Bachelor of Science degree in Economics from the Free International University of Moldova.

Artur Lungu, is Vice President and Chief Financial Officer. Mr. Lungu joined Ascom in 2005. Prior to joining Ascom, Mr. Lungu served as the Assistant Director of a USAID Contractor to the Romanian government from 2003 to 2005 where he was responsible for strategic planning and budgeting. Prior to that, from 1995 to 2001, Mr. Lungu held numerous senior leadership positions with the Municipality of Chisinau where he was responsible for managing the Municipality’s foreign government relationships, including the foreign direct investment program. Mr. Lungu holds a degree from the Academy of Economic Studies, Chisinau, Moldova and received a Masters degree, in Public Administration from the University of Delaware.

Marius Velescu is Executive Vice President for Exploration and Production. Prior to joining to Ascom, Mr. Velescu served as Exploration Director of Petrom National Oil Company of Romania (1992-1994), Vice President of Petrom National Oil Company of Romania (1994-2005). Mr. Velescu holds a degree from the University of Bucharest, Faculty of Geology and Geophysics.