PGNiG: Appointment of the President and Members of the Management Board by the Supervisory Board of PGNiG SA – supplement

As a supplement to Current Report No. 205/2013 of December 30th 2013, the Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”, “the Company“) provides more detailed information on the Members of the Management Board, appointed by the Company’s Supervisory Board on December 30th 2013.
Mariusz Zawisza – President of the Management Board
Mariusz Zawisza graduated from the Faculty of Economics of the Maria Curie-Skłodowska University in Lublin. He completed a post-graduate programme in Management Accounting and Business Controlling at the Lublin University of Technology, and a post-graduate course in International Accounting Standards and International Financial Reporting Standards at Kozminski University in Warsaw. He holds a Master of Business Administration degree from the University of Central Lancashire in Preston, gained on completion of a programme run by the Lublin Business School.
For almost eighteen years, Mr Zawisza has held various managerial positions, including (chronologically, from 1996 to 1999) Head of the Economic and Marketing Research Department, Head of the Quality Assurance Department, and Head of the Controlling Department at Zakłady Remontowe Energetyki Lublin SA. From 1999 to 2001, he worked at Lubelskie Zakłady Przemysłu Skórzanego Protektor SA as Head of the Economic Research and Controlling Department and as Chief Economist.
Between 2001 and 2004, Mr Zawisza served as CFO and member of the Management Board of Instal Lublin SA, and then, from June 2004 until June 2006, as member of the Management Board for finance at MPWiK w m. st. Warszawa SA. From 2006 to 2007, he was member of the Management Board, CFO and President of the Management Board of Lubelskie Zakłady Energetyczne LUBZEL SA. From July 2007 until August 2010, he served as President of the Management Board of PGE Dystrybucja Lubzel spółka z o.o., and from January 2010 to December 2013, as President of the Management Board of PGE Dystrybucja SA.
He has sat on the Supervisory Boards of Elektrociepłownia Lublin Wrotków, EPC SA, Exatel SA, PGE Systemy SA, and others.
With effect from January 1st 2014, Mr Zawisza has been appointed President of the Management Board of PGNiG SA.
Mr Jerzy Kurella – Vice-President, Trade
Jerzy Kurella is a graduate of the Faculty of Law and Administration at the University of Warsaw, and a legal counsel. From 1998 to 2002, he served as legal counsel at the Office of the Management Board of TUiR Partner SA and Garda Life SA, insurance companies of the SEB Group (Sweden). Between 2002 and 2007, he worked for PGNIG SA in a number of capacities, including as Managing Director for Legal Support and Managing Director for Negotiations. He was responsible for the legal aspects of the unbundling of the transmission system operator, debt restructuring, redemption of Eurobonds, listing of Company shares on the Warsaw Stock Exchange, as well as the negotiations of key contracts and ventures.
From 2007, he served as member of the Management Board, and then as Vice-President of the Management Board of BOT GiE SA, and was responsible for the BOT Group’s strategy, integration and management, including supervision of its IT, central procurement and logistics functions, as well as for legal support of BOT. Following this, from September 2008 he served as President of the Management Board of Wojskowe Towarzystwo Budownictwa Społecznego Sp. z o.o., and from 2009 to June 2012 was Vice-President of the Management Board of Bank Gospodarstwa Krajowego SA (BGK). From July 1st 2012, he was adviser to the President of the BGK Management Board. He has served as a member or chairman of the Supervisory Boards of various companies, including PF-K Gaskon SA, Investgas SA, BOT GiE SA, BOT Elektrownia Turów SA, BOT Elektrownia Bełchatów SA, KUKE SA, Krajowy Fundusz Kapitałowy SA, and Fasing SA.
From June 14th 2013 to December 30th 2013, he was Vice-President of the Management Board of PGNiG SA, and from July 1st 2013 to December 30th 2013 he was acting President of the Company's Management Board. He has also served as Deputy Chairman of the Supervisory Board of EuRoPol GAZ SA, Chairman of the Supervisory Board of Gas-Trading SA and Head of the Board of Directors of PGNiG Upstream International. As of December 30th 2013, Mr Kurella has been appointed Vice-President of the Management Board for Trade.
Mr Jarosław Bauc – Vice-President, Finance
Jarosław Bauc is a graduate of the University of Łódź (Faculty of Economics and Sociology), where he was awarded his PhD in 1991. He also graduated from the University of Windsor in Ontario, Canada, with a Master of Arts in Economics.
In 1996, he acted in an advisory capacity to the Minister of Finance in Mongolia, where he helped design a reform of the Mongolian tax system. In 1997, he served as an Asociatia Pro Democratia Adviser to the Romanian Ministry of Finance, and as a USAID Adviser to the Ministry of Finance of the Georgian government.
Between 1998 and 2000, Mr Bauc served on the Supervisory Board of Bank PKO BP SA, for some time as its Chairman.
From January 1998 to June 2000, he held the office of Secretary of State at the Polish Ministry of Finance and First Deputy Minister of Finance. Then, between June 2000 and August 2001, he held the office of the Polish Minister of Finance. In 1998-2000, Mr Bauc represented the Polish Council of Ministers on the Monetary Policy Council of the National Bank of Poland.
Between 2002 and 2004, he served as President of the Management Board of Powszechne Towarzystwo Emerytalne “Skarbiec-Emerytura” (a pension fund management company), where in 2004-2006 he continued as Deputy Chairman of the Supervisory Board. In 2002-2005, he served on the Supervisory Boards of a number of companies, including Mostostal Gdańsk SA, Tras Tychy SA and Netia SA. In 2004-2006, he chaired the Supervisory Boards of BRE Skarbiec Investments and BRE Agent Transferowy Sp. z o.o. From 2004 to 2006, he held the position of President of the Management Boards of Skarbiec Investment Managment SA, Skarbiec Towarzystwo Funduszy Inwestycyjnych SA and Skarbiec Asset Managment Holding SA.
He was twice President of the Management Board of Polkomtel SA - first between February and July 2006, and then between May 2008 and November 2011. From November 2011 to March 2012, he acted as member of the Management Board of Polkomtel SA. Following this, he was Deputy Chairman of the Supervisory Board of BNP Paribas Bank Polska SA and Chairman of the Supervisory Board of Łódzka Spółka Infrastrukturalna Sp. z o.o. In August 2013, he was appointed Vice-President of the Management Board of HAWE SA, a publicly traded company.
Since 2009, he has served as member of the Economic Council of Cardinal Kazimierz Nycz, and since 2011 as a member of the Group of Social Advisers to the President of the City of Łódź.
With effect from December 30th 2013, Mr Jarosław Bauc has been appointed Vice-President of the Management Board of PGNiG SA.
Mr Zbigniew Skrzypkiewicz – Vice-President, Exploration and Production
Zbigniew Skrzypkiewicz graduated from the Faculty of Chemical Engineering of the Warsaw University of Technology. In 1996, he completed a post-graduate course in Business Administration at the Warsaw School of Economics.
From 1993 to 1997, he served as Deputy Head of Industrial Fittings at KSB Pompy i Armatura Sp. z o.o., a part of KSB AG, a leading global manufacturer of industrial pumps and fittings. From 1998 to 2000, he was Head of Sanitary and Heating Systems at Raab Karcher Materiały Budowlane Sp. z o.o., the Polish arm of the large Germany-based trading company. He also held an executive position at Otto Poland Sp. z o.o., a German-owned manufacturing and trading company.
From May 2001 to December 2004, he was President of the Management Board of Instal Lublin SA, a Warsaw Stock Exchange-listed company. Following this, he was President of the Management Board of Finpol Rohr Sp. z o.o., a production company, from January 2005 to October 2013.
Member of the Supervisory Board of PGNiG SA from June 26th to December 30th 2013. Appointed Vice-President of the Management Board, Exploration & Production, with effect from December 31st 2013.
Mr Andrzej Parafianowicz – Vice-President, Corporate Affairs
Andrzej Parafianowicz is a graduate of the Faculty of Law and Administration at the University of Warsaw. He also completed a post-graduate course in Banking and Finance at the Warsaw School of Economics.
From 1992 to 2001, he worked at the National Bank of Poland as Team Head at the General Inspectorate of Banking Supervision.
From 2001 to 2004, he served as Director of the Compliance Monitoring Department at Bank Handlowy SA (Citibank). Between 2005 and 2007, he was Director of the HR Department at Polska Telefonia Cyfrowa SA. In 2007, he was appointed Director of the Administration, Audit and HR Department at BOT Górnictwo i Energetyka SA (a holding company).
From 2007 to 2013, he was Under Secretary of State at the Ministry of Finance.
Mr Parafianowicz also served on the Supervisory Boards of Bank Rozwoju Cukrownictwa SA of Poznań (2001-2004, as Vice-Chairman) and of Mostostal Zabrze Holding SA (2003-2004, as a member).
With effect from December 31st 2013, he has been appointed Vice-President of the Management Board, Corporate Affairs, at PGNiG SA.
The newly-appointed Members of the Management Board have stated that they are not engaged in any activities competitive to PGNiG’s business. They are not partners in any competitive civil-law partnership or other types of partnership, nor are they members of the governing bodies of any company competitive to PGNiG. They are not entered in the Register of Insolvent Debtors maintained under the National Court Register Act.

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