Mariusz Grendowicz
Source: Fotorzepa
author: Waldemar Kompała
The supervisory board of the company appealed Polish Investment and Development on Tuesday Mariusz Grendowicz as president – said in a press release PIR . No reasons for his dismissal.
At the same time, the Supervisory Board has decided to launch a competition procedure, leading to the emergence of a new president. Until the conclusion of the company’s management will act in a double composition. Currently, the board consists of PIR Michael Lubieniecki and Przemysław Sztandera.
The company did not reveal the reasons for cancellation Grendowicz as President of PIR.
Earlier, representatives of SMEs repeatedly reported that they expect from PIR speed up the work related to the signing of agreements to finance large infrastructure projects.
PIR was this year capitalized in the amount of 1.2 billion zł from the sale of shares of PGE. Deputy Treasury Minister Wojciech Kowalczyk said recently that in 2014 PIR will not need additional funding.
PIR website there is information that the PIR so far signed one contract (with Group Lotus on the development of the field B8 in the Baltic Sea with a value of 1.8 billion zł), pre-approved eight projects with a total value of 6.6 billion zł, and analyzed a total of 53 projects.
Mariusz Grendowicz was president of PIR since March 2013. Grendowicz a banker with 30 years experience. He studied Economics of Transport at the University of Gdansk. He completed a degree in banking in the UK. International financial career began in 1983 in Grindlays Bank in London.
In 1991-1992, he worked at Citibank in London. Since 1992. Until 1995. Held managerial positions in the Polish branch of ING Bank. In 1995-1997 he served as vice president of ING Hungary.
He was also vice chairman of Bank BPH and president of BRE Bank. He also served as chairman of the board of the Polish Union of Private Employers Banks and Financial Institutions “Leviathan”.
Polish Investment and Development is a special purpose vehicle created to implement the program “Investments Polish”. Its objective is to provide long-term financing and viable infrastructure projects. They contribute to GDP growth and job creation. Implementation of the program investments Polish is based on two pillars to ensure the financing of investment projects – the National Economy Bank and the Company’s Polish Investment and Development.
Polish Investment Program was announced in October 2012. Prime Minister Donald Tusk during the so-called. second expose. To be covered include construction of coal power plants and gas pipelines, gas storage facilities, road, rail and port.
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