Meeting of PKN ORLEN Supervisory Board
The first meeting of PKN ORLEN Supervisory Board after the Ordinary Shareholders' Meeting has been held on June the 30th, 2005.
In the day of Ordinary Shareholders' Meeting, which was June the 29th 2005, the Management Board's 3-years term of office expired. Consequently the mandates of all Board members expired too. The term of office of the Management Board that has been performing up to the present, begun in 2002 and according to the Company's Statute was lasting for 3 years. Due to the facts listed above at the Supervisory Board Meeting on June the 30th, 2005 the Management Board has been appointed for new 3-years term of office.
The Supervisory Board has appointed Mr Igor Chalupec to the position of a President and CEO. On Mr. Igor Chalupes motion the following candidatures have been also appointed to the position of Vice- Presidents: Mr. Wojciech Heydel, Mr. Jan Maciejewicz, and Mr. Cezary Smorszczewski. Mr. Paweł Szymański has been appointed as the Board member.
The contract's conditions of all Management Board members haven't changed.
Mr. Janusz Wiśniewski, the hitherto Vice-President of the Board, hasn't been appointed for the next term of office. He supervised the areas of Production, Logistics and Wholesale. The responsible person for the Production and Logistics will be Deputy CEO Mr. Czesław Bugaj. The Wholesale area will be supervised by Mr. Wojciech Heydel, Vice-President and Head of Retail and Wholesale operations. The Treasury Minister have also prerogative to appointed one Board Member of the Company.
