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PKN Orlen. Daniel Obajtek elected for another term

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Daniel Obajtek has been appointed president of the company’s management board for another term of office, PKN Orlen announced in a press release.

The company explained that “the Minister of State Assets, acting as the entity authorized to exercise the rights attached to the company’s shares owned by the State Treasury, appointed Daniel Obajtek as a member of the management board for a new three-year term of office starting on the date of the Ordinary General Meeting approving the company’s financial statements for the financial year 2022.” .

Subsequently, the Supervisory Board entrusted Obajtek with the function of President of the Management Board of PKN Orlen during the new joint term of the Management Board.

Daniel Obajtek has been the president of Orlen for five years

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According to PKN Orlen, Daniel Obajtek has been the president of the management board and CEO of the company since February 6, 2018. Earlier, from 2017 to February 2018, he was the president of the Energa Group, and in 2016-2017 he headed the Agency for Restructuring and Modernization of Agriculture. It was also recalled that from July 2016 to February 2018 he was a member of the supervisory board of Lotos Biopaliwa, and from June 2016 to February 2018 he was the chairman of the supervisory board of Dalmor.

PKN Orlen stated in a press release that Obajtek, as the company’s president, “created a strong multi-energy company, a clear leader in Central and Eastern Europe”. Thanks to the acquisitions of Grupa Lotos i PGNiGand previously Energa, Ruchu or Polska Press, the Orlen Group “has the potential to implement multi-billion investments to strengthen the security and energy independence of Poland and even Central Europe. As a result, it can effectively carry out the energy transformation in the markets where it operates” – it was written.

The announcement stated that under the leadership of Daniel Obajtek, an “integrated, modern group was established, which will generate approximately PLN 400 billion in revenue per year and serve approximately 150 million customers”.

Investments in renewable energy

Orlen reminded that as part of the updated strategy until 2030, it plans “record” investments in renewable energy, as well as the extraction and development of green energy projects, including in the field of biogas and biofuels. The company also continues to develop hydrogen technology, modern petrochemistry and safe nuclear energy. The company will allocate about PLN 320 billion for the implementation of strategic projects by the end of this decade. It was also reminded that PKN Orlen was the first fuel concern from Central Europe to declare the goal of achieving emission neutrality in 2050.

“An extremely important element of the Orlen Group’s operations is also strengthening energy security, not only in Poland, but in the entire region. This is possible thanks to the effective diversification of raw material supplies to Poland, implemented intensively after 2015.” the company said on Thursday.

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Main photo source: Rafał Guz/PAP

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