Pursuant to a decision of the Minister of Energy Temenuzhka Petkova a change has been made to the management of Bulgarian Energy Holding EAD. The Minister of Energy exercises the rights of the state and is sole owner of the capital of the holding company. Pursuant to the decision, the members of the Board of Directors- Mr. Petyo Ivanov, Mr. Petar Iliev and Mr. Zhivko Dinchev are discharged from their positions due to expiry of their term of office. Pursuant to the same decision Mr. Jacklen Cohen, Mr. Zhivko Dinchev and Mr. Andon Andonov are appointed as members of the Board of directors for a period of three years. The newly elected Board of directors has nominated Mr. Jacklen Cohen as executive officer of Bulgarian Energy Holding EAD. Mr. Andon Andonov has been nominated as chairman of the Board of Directors.