CASTLING WITH CHAIRMEN IN MINING COMPANIES

All three Polish state owned coal producers announced in recent days openings for positions in Management Boards. The first one was the old Kompania Węglowa, which is looking for a new CEO since Thursday. It doesn’t mean that Krzysztof Sędzikowski will be shortly relieved of his duties – the company plans to move the whole Board to the new KW.

The day after the announcement we also were informed, that Nowa Kompania Węglowa will be actually called Polska Grupa Górnicza (Polish Mining Group), and that the whole registration process has already begun. So far the company is registered under Węglokoks as Węglokoks Rybnicki Okręg Wydobywczy. Soon the company should start its operations under new banners, but with the old Management Board. Two weeks ago there were rumors about Sędzikowski being about to lose his job, but it seems like he is not going anywhere. The new board of old Kompania Węglowa should be presented in the 2nd half of October.

Today openings were announced also by the JSW. Jastrzębska Spółka Węglowa is looking for new CEO and vice-president responsible for financial issues, since at the beginning of September from their positions resigned Edward Szlęk and Robert Kozłowski. The new Management Board members should be announced around the same time as in the old KW.

A new member will also join the MB of Katowicki Holding Węglowy, but here the situation is vastly different. Last week Ministry of Treasury called the extraordinary Supervisory Board meeting in Warsaw, where KHW was told that it has to enlarge the Management Board by one member, which would be a representative of the MoT. Today KHW announced an opening for the position of vice-president responsible for restructure and development. Seems like both entities already have their personal preference, because the deadline for submitting all the necessary documents is much shorter than in the case of JSW and KW.

Advertisements