PKO BP loses key managers but the stock grows

opublikowano: 2007-02-01 15:59

Warsaw (Puls Biznesu) – Key deputy CEO and the member of the supervisory board leave the company. Their successor won’t be chosen in the near future.

Warsaw (Puls Biznesu) – Key deputy CEO and the member of the supervisory board leave the company. Their successor won’t be chosen in the near future.


The supervisory board of PKO BP was supposed to choose the CEO and deputy CEOs of the bank till the end of January. Kazimierz Marcinkiewicz was one of the candidates to lead the bank. However, Jerzy Osiatynski, a member of the supervisory board, resigned yesterday. The board has only five members and there were doubts if it could choose the CEO. The management asked for an extraordinary GSM to choose additional member of the board. It will be held in the middle of March most probably.
Next to the CEO, a deputy CEO has to be chosen. Yesterday, the board approved of the resignation of Jacek Oblekowski, the deputy CEO responsible for retail clients, i.e. 60 percent of PKO BP’s business.
Stock investors either did not pay attention to personal changes in the bank or welcomed the fact that ex-PM was not chosen the CEO. The bank added 3.7 percent to PLN 49.5 (EUR 12.7) yesterday. PKO BP has had no CEO since June 2006 when Andrzej Podsiadlo stepped down. Slawomir Skrzypek was the temporary CEO. Today, he is the head of the National Bank of Poland.
(PLN 1 = EUR 0.265)