Woszczyk resigned as president of PGE (description2) – Virtual Poland

# They reach: SME information and data about the company #

02.03. Warsaw (PAP) – Woszczyk resigned as president of PGE as of March 30. Resigned, Gregory Krastev, Vice President. Operational and trading – the company said on Wednesday.

Woszczyk led PGE since December 2013., Previously served, among others, President of the Energy Regulatory Office.

In the last. Week, RN PGE has appointed Richard Wasilka for vice president. Development and Emil Wojtowicz Vice President. Financial. According to the information of the company that their positions will include the new vice-presidents: Wasiłek on 7 March, and Wojtowicz March 15. Previously, as Vice President. Corporate was appointed Marek Pastuszko.

On Tuesday, the Extraordinary General Meeting of Shareholders of PGE, in turn, made changes in the Supervisory Board of the company. Appointed six members of the council – Janina Goss, Mieczyslaw Sawaryna, Matthew Gramza, Jaroslaw Glowacki, Grzegorz Kuczynski and Arthur Medley. Also on Tuesday, in the evening statement, the company gave the information that it received the statement of the Minister of State Treasury to appoint Paul Plums to the composition of the supervisory board. According to the Articles of Association, the State Treasury has the right to appoint and dismiss one member of the supervisory board by a written statement submitted to the Management Board of the company.

In December last., The market spread around the information that, given the expected Woszczyk resign as President of PGE would include Henryk Baranowski, currently Deputy Minister of the Treasury. In late December, the head of the treasury department Dawid Jackiewicz told reporters that “PGE is a group that it faces obvious changes.” “A name that appears on the market, or Henryk Baranowski, it is absolutely a serious candidate” – he said.

MSP sent on Wednesday PAP informed that the matter of the appointment of a new CEO, PGE will take care of the supervisory board of the company.

PGE Polish Energy Group is the largest producer and supplier of electricity in Poland and one of the largest companies in the power sector in Central and Eastern Europe. The installed capacity of the PGE Group is 12.77 GW in 2015. The company produced 55.58 TWh net, or 38 percent. produced in Poland. Distribution Lines are available to almost 284 thousand. km and provide electricity to approx. 5.26 million customers – 30 percent. market share. The Group companies employ over 38.87 thousand. humans.

The Treasury owns 58.39 percent. PGE shares, other shareholders 41.61 percent. In mid-February. PGE reported that in 2015. Net sales increased by 1 percent. compared to the previous year, to 28.54 billion from 28.14 billion zł zł in 2014.

The consolidated operating profit before depreciation and amortization (EBITDA) in 2015. Amounted to 8.2 billion zł, an increase of 1 percent. compared to 2014. A year earlier, EBITDA amounted to 8.13 billion zł.

The operating loss PGE Group amounted to 3.59 billion zł 5.1 billion zł EBIT in 2014.

As explained PGE, the deteriorating environment on the market of raw materials, particularly coal and climate protection policy, coupled with the increasing share of energy production from renewable sources, led to write-downs of fixed assets of nearly 9 billion zł , p5rzede in the segment of conventional energy. A copy of this means that the level of net profit, the company recorded – for the first time in history – a loss of 3 billion zł.