The Bulgarian Energy Holding (BEH) elected Friday a new Board of Directors of its subsidiary, the National Electric Company NEK.

During Friday's meeting of the Board of Directors of BEH, the Board of NEK was reduced from five down to three members.

The three new directors of NEK are Evgeni Angelov, Georgi Mikov, and Mihail Andonov.

Angelov was born in 1975. He has a BA in information systems from Guildhall University, UK, and MBA from Harvard Business School. He has worked for the European Bank for Reconstruction and Development. In 2008, he founded Attria Capital, a shareholders investment fund for Southeast Europe, and became its CEO. He is also the founder and director of another company - New Energy Partners - dealing with renewable energy projects. Angelov was recently appointed Deputy Minister of Economy, Energy, and Tourism.

Georgi Mikov was born in 1963. He has a degree in electrical engineering, and a MA in business administration from the American University in Bulgaria. He has been working at NEK since 1991. Since 2005, he is a member of the governing board of the Czech-owned electricity provider, CEZ Bulgaria Jsc.

Mihail Andonov was born in 1960. He has a degree in industrial economy. He has worked at NEK's Audit and Internal Control department, since 1998, and since 2002 has been the deputy chief accountant of the company.

On Monday, BEH announced that the two CEOs of the National Electric Company, Lyubomir Velkov, and Mardik Papazyan had been fired over failure to act in order to cut the company's losses from the economic crisis.

Bulgaria's Prime Minister, Boyko Borisov, announced Friday morning that his government was going to shut down BEH which was formed as a mega energy structure by the Socialist government in 2008, uniting all major state-owned energy companies.

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