Wednesday, April 13, 2016

Paweł Olechnowicz dismissed from the post of president of Lotus – Onet.pl

 
  Photo: Maciej Staniewicz / Onet
 
 
  Paweł Olechnowicz
 
 
 

The company also informed that the board Lotos were dismissed Executive Vice President. strategy and development Marek Sokolowski and vice president. exploration and production Zbigniew Paszkowicz.

” the Supervisory Board decided on the posting of Mr. Robert Pietryszyn – chairman of the supervisory board – to temporarily perform the duties of CEO until a new CEO, but for no longer than three months “- emphasized in the message.

Paul Olechnowicz served as CEO of Group lotus since 12 March 2002; He was the longest-serving president of SP in our country after 1989. The current term was to end in 2018.

“the supervisory board had thoroughly think about it and take for this change in responsibility. Knowing Mr. Pietryszyn, the dynamics of its action, courage in decision-making, but also managerial experience, I have no fear that this decision could in any way harm the company. I am calm about it, “- said Treasury Minister Dawid Jackiewicz.

” We are very concerned about the situation in the Lotus, we are looking for an idea how to get him out of financial difficulty, for many years we not charge dividends for this reason. I am confident that soon we will hear the state of the new government’s plan to stabilize the financial entity. Undoubtedly – and I say this emphatically – that the company needs a boost “- told reporters Jackiewicz.

Head the treasury department asked whether the target board will be elected through a competition reminded that there is a requirement of the contest in the companies in which the share of the state treasury is over 50 percent. “This is evident in other ways złamalibyśmy rules” – he stressed.

Jackiewicz also referred to information on the appointment on Wednesday to the supervisory board of Adam Lotus Marcin Jastrzebski. According to the minister is an experienced manager, an expert on oil market. Asked if Jastrzebski will be chairman of the board of the Lotus, Jackiewicz said that it is not a foregone conclusion. We look at this as a functioning board of directors. Perhaps it will need to strengthen the people who understand the gas market, oil “- the minister said.

As reported (PAP based on the annual reports of the company), the press office of the Lotos Group, during the exercise of Olechnowicz as President of the lotus in the years 2002-2015, the company’s revenues have quadrupled.

In 2005. Grupa Lotos SA made its debut on the Warsaw Stock Exchange, and obtained from the offer approx. 1 billion zł allocated for the implementation of the 10+ Programme, through which the refinery in Gdansk increased processing capacity of 6 to 10.5 million tonnes per year, and enriched with the most modern plants for the production of liquid fuels .

the company says that implemented in the years 2007-2011 10+ Programme of approx. 1, 5 billion was one of the largest investments made in the last 25 years in Poland.

at the end of 2014 / 15 Grupa Lotos SA conducted a secondary issue of shares acquired in this way approx. 1 billion zł allocated primarily on the development of the Baltic Sea gas fields B4 / B6 and the construction of a complex installation depth of oil processing under the EFRA (the largest industrial investment in Pomerania with a value of 2.3 billion zł ).

at the end of March, after media reports that Olechnowicz can replace Pomeranian PiS deputy Andrzej Jaworski trade unionists sent a letter in that, among others, the Prime Minister Szydło Beaty, president of the Law and Justice Jaroslaw Kaczynski, the Treasury Minister David Jackiewicz and Deputy Prime Minister, Minister for Development Mateusz Morawiecki. In defense Olechnowicz faced five of the seven operating in Grupa Lotos SA trade unions and the works council.

secondment in Wednesday to perform the duties of the President of the Lotus Pietryszyn Robert is a graduate of the Faculty of Law, Administration and Economics of the University of Wroclaw, as well as graduate Master of Business Administration (MBA) and the Management of Postgraduate studies “Management company” at the Academy of Economics. Oskar Lange in Wroclaw.

As outlined in the Communication of the company, Pietryszyn started his career as a representative of the board Kronn . In 2004-2006 he served as a consultant, project manager in the company PROFES Capital. In 2006. He worked as an expert in PKO BP, where he optimization of the bank and restructuring costs; That same year, he served as a member of the management board. organization and strategy of the company Dolfamex.

In the years 2006- 2008 Pietryszyn was associated with the Capital Group KGHM Polish Copper SA, and in 2011-2016 served as chairman of the board of the company Wrocław 2012 (Wroclaw Stadium).

sat, among others, in the supervisory boards of Dolmed SA, Polcolorit SA, Wrocław 2012, Radio Mercury SA, PGE Dystrybucja Rzeszów sp. z oo, Ruch SA.

Since January 2016 member of the board of PZU SA and Chairman of the Supervisory Board of Grupa LOTOS SA Jackiewicz when asked about the combine functions on the boards of PZU and Lotus by Pietryszyn, said: “certainly, I will be demanded of the supervisory board may not be consent for the collection of wages in both entities.” “Surely this must be designed in such a way that will reliably perform both duties,” – he added.

The Lotos Group Treasury has 53.19 percent. shares. By. Information from 30/06/2015 ING OFE – 6.35 percent. and other shareholders – 40.46 percent. The group, in addition to the Lotos Group, which manages the refinery in Gdansk, consists of 15 companies with the sign of Lotos.

Grupa Lotos SA It is one of the largest companies in the country. Is the oil company operating in Poland and abroad, engaged in the extraction and processing of crude oil and the wholesale and retail sale of high-quality petroleum products.

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