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President of Bank Pekao Leszek Skiba dismissed

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The supervisory board of Bank Pekao dismissed six members of the management board, including Leszek Skiba from the position of president of the bank – the bank announced in a statement.

The Management Board of Bank Pekao informed that on May 8, 2024, the bank's Supervisory Board adopted resolutions to dismiss at the end of the day: Leszek Skiba, Jarosław Fuchs, Jerzy Kwieciński, Wojciech Werochowski, Paweł Strączyński and Piotr Zborowski.

It was noted that the resolutions on appeals entered into force upon their adoption. At the same time, the board thanked the current management board members for their contribution to the bank's development.

The supervisory board also adopted a resolution on open qualification proceedings for the position of president and vice-presidents of the bank's management board.

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New members of the supervisory board

The supervisory board delegated the following members of the supervisory board:

– Robert Sochacki to temporarily perform the duties of vice-president of the management board from May 9, 2024, while entrusting him with managing the work of the management board,

– Anna Wawrzyńczak-Palynyczak to temporarily perform the duties of vice-president of the management board from May 9, 2024, for a period of up to three months, subject to the possibility of earlier termination of the delegation.

Leszek Skiba

Leszek Skiba has been the bank's president since April 2020.

In 2015, he joined the Ministry of Finance. He served as Undersecretary of State at the Ministry of Finance, where he was responsible for supervising macroeconomic policy and legislation in the tax area in 2016-2017 and supporting legislation regarding financial and capital markets. From March 2019 to April 2020, he served as the Chairman of the Board of the Bank Guarantee Fund.

In the years 2009-2015, Leszek Skiba worked at the National Bank of Poland at the Economic Institute, where he participated in the work on the NBP report indicating the consequences of Poland's membership in the euro zone and prepared analyzes on the euro zone economy.

Company indirectly controlled by the state

Bank Pekao SA was established in 1929 and is currently the second largest universal bank in Poland with PLN 317 billion of assets. It has the second largest branch network and serves 6.8 million customers. Since 1998, Pekao has been listed on the Warsaw Stock Exchange.

Powszechny Zakład Ubezpieczeń SA has one fifth (20%) of shares in Pekao, 12.8%. is in the hands of the Polish Development Fund. This block of shares was purchased from the Italian Unicredit in June 2017. This means that Bank Pekao is indirectly controlled by the state. The State Treasury has 34.19 percent. shares in PZU. In turn, the Polish Development Fund belongs to the State Treasury.

Main photo source: Albert Zawada/PAP



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