New president elected on Wednesday the supervisory board of the company. It was dolnośląski councilor PiS – 59-year-old Krzysztof Skin, who was replaced Herbert Wirth. Also dismissed were three vice-presidents of the company: Jaroslaw Romanowski, Marcin Chmielewski and Jacek Kardel. In new vice-presidents of the board appointed Miroslaw Stanislaw Bilinski and Jack Raweckiego.
Herbert Wirth KGHM ruled in the last seven years and has made the company’s group operating globally. In his time the company for over 9 billion zł acquired Canadian mining company Quadra FNX (now called KGHM International) and gained thus more than half of the shares in a Chilean mine Sierra Gorda.
For Christopher Skin is a third approach to KGHM . In 1991-94 he was a member of the supervisory board of the company, in 2006-08 – the PiS government – he was its president. Just like now, with the support of Adam Lipinski, Vice President of the party, the current minister in the Prime Minister’s Office. For the previous term, the president gave the skin increases to employees, an average of 400 zł, which gained acclaim union.
In addition to the short szefowaniem KGHM in the CV of the new president of the plant but it is hard to look strong points of management. PiS politician was treasurer of the municipality podlegnickiej Ruja (2.5 thousand. Inhabitants) and deputy head of the water supply in the 75-thousandth Lubin.
Last worked in the company Elporem and Elpoautomatyka in Połaniec in the province. Świętokrzyskie. What exactly he is doing? This company does not want to reveal, covering the protection of personal data.
– Today, the Management Board of KGHM depends on much more than even a decade ago. Then the company’s activities focused mainly in Poland, today it operates globally. The new management will have to be able to find in this situation, even taking into account the pressures associated with falling prices of copper – says Marcin Gątarz, an analyst at Pekao Investment Banking. – The most important challenge is to optimize the production processes in the mines of Sierra Gorda and management of KGHM International – he added.
On the other hand, Paweł Puchalski, analyst at Dom Maklerski BZ WBK, said: – The most important issues facing the new authorities KGHM to cut costs. Only in this way, to the salaries and allowances conditional on the financial performance of the company.
Is it possible with the strong position of trade unions at KGHM? – You have to decide on something. Problems have Chinese economy, no one said that the price of 4.5 thousand. dollars per tonne of copper is the lowest. The company should be prepared for the worst – says Puchalski.
KGHM results for the third quarter of 2015 years were poor. Profit whole combine is only 33 million zł against expected 250 million zł. Net loss of the company KGHM International and was up 263 million zł.
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