The EGM of Shareholders of PKN ORLEN has completed the assembly.
Among 35 resolutions passed at the EGM on 8 April 2004 in Plock, the key decisions include changes in the Supervisory Board of PKN ORLEN, changes to the Rules Governing the Use of the PKN ORLEN Privatisation Fund as well as the assent to managing the self-operating parts of PKN ORLEN.
The Shareholders of PKN ORLEN have performed changes in the composition of the nine-member Supervisory Board and passed a vast majority of the resolutions submitted by the Management Board of PKN ORLEN.
The EGM accepted the resignation of Maciej Gierej, the Chairman, from the Supervisory Board and appointed Jan Waga, the Vice-Cairman, to the post of the Chairman of the Supervisory Board of PKN ORLEN.
Marian Czekanski, Andrzej Studzinski, Jacek Walczykowski and Andrzej Wieczorkiewicz replaced Edward Grzywa, Andrzej Karatiuk and Orest Andrzej Nazaruk in the composition of the Supervisory Board. In addition, under PKN ORLEN’s Articles of Association, the State Treasury replaced Maciej Kruk with Janusz Zielinski. The other three members of the Supervisory Board are still Ryszard Lawniczak, Krzysztof Kluzek and Krzysztof Szlubowski.
The motion made by PZU SA, the shareholder, not to vote on the point regarding the retraction from voting on the resolution regarding the change in the Company’s Articles of Association in § 7 item 11 was approved.
Having passed a majority of resolutions, the EGM has also given the assent to sell or lease the self-operating part of PKN ORLEN. The Meeting has also approved amendments to the Rules Governing the Use of the PKN ORLEN Privatisation Fund.
At the subsequent press conference Jan Waga, the newly appointed Chairman of the Supervisory Board, and Zbigniew Wróbel, the President and CEO of PKN ORLEN jointly stated that the Company is soon to face strategic decisions, among which PKN ORLEN’s value growth and the Company’s international expansion are of the key importance.
