PKN ORLEN Supervisory Board appointed Members of the Company’s Management Board for the new joint term of office

PKN ORLEN S.A. (“Company”) announces that the Company’s Supervisory Board following its meeting on 27 April 2023, appointed following persons to the Company’s Management Board:

 

-      Mr Armen Konrad Artwich to the position of Member of the Management Board,

-      Mr Adam Burak to the position of Member of the Management Board,

-      Ms Patrycja Klarecka to the position of Member of the Management Board,

-      Mr Krzysztof Nowicki to the position of Member of the Management Board,

-      Mr Robert Perkowski to the position of Member of the Management Board,

-      Mr Michał Róg to the position of Member of the Management Board,

-      Mr Piotr Sabat to the position of Member of the Management Board,

-      Mr Jan Szewczak to the position of Member of the Management Board,

-      Mrs Iwona Waksmundzka-Olejniczak to the position of Member of the Management Board,

-      Mr Józef Węgrecki to the position of Member of the Management Board,

 

for the common term of office, starting from the day coming after the day of termination of the current common term of office of the Company’s Management Board, i.e. after the day of the Ordinary Shareholders Meeting that will approve financial statement for 2022.

 

All persons appointed today hold the position of Members of PKN ORLEN Management Board in the current term of office.

 

Mr Armen Konrad Artwich

 

Mr Armen Konrad Artwich has been a member of the PKN ORLEN Management Board since September 1st 2018.

Armen Konrad Artwich is a legal counsel. Mr Artwich graduated with honours from the Faculty of Law and Administration at the University of Warsaw, as well as from the Warsaw School of Economics (finance and accounting). He also studied corporate law and commercial law at the University of Sheffield, School of Law. He completed his legal counsel apprenticeship at the Warsaw Bar Association.

From January to August 2018, Mr Artwich served as Head of the Legal Department of the Chancellery of the Prime Minister. Earlier, between 2016 and 2018, as Deputy Director of the Department for Improvement of Economic Regulations of the Ministry of Development, Mr Artwich was responsible, among others, for legislative projects in the area of economic law and for supervision of the Central Office of Measures and the Polish Centre for Accreditation.

At the same time, in 2016-2018, Mr Artwich served as member of the Polish Financial Supervision Authority (a representative of the minister in charge of economy).

Between 2011 and 2016, he worked at the Legal Area of Bank Zachodni WBK S.A., where he was in charge of legal services for investment banking in the Global Banking & Markets Division. A graduate of the 18th School of Civil Society Leaders. For his pro publico bono activity, he received, among other distinctions,

the Gold Cross of Merit and the Polcul Foundation award. Armen Artwich also serves as Chairman of the ORLEN Group Board.

 

Mr Adam Burak

 

Mr Adam Burak has been a member of the PKN ORLEN Management Board since February 2020. At the ORLEN Group, he is responsible for the implementation of a consolidated corporate and marketing communication strategy, including the advancement of digital communication channels in Poland and abroad. In February 2018, he was appointed Executive Director for Corporate Communication, supervising the implementation of the ORLEN Group’s external and internal communication strategy, as well as the development of the organisational structure and business model for a media agency established in partnership with PZU S.A.

He holds a degree in International Relations from the University of Wrocław and an MBA degree. He completed a postgraduate course in Journalism and Public Relations at the Tischner European University in Kraków.

Prior to that, he had worked in the fuel and energy industry as well as the financial sector. His roles included that of Communication and Marketing Director at the largest Polish companies, such as Grupa Energa, Grupa LOTOS and PZU S.A., creating and implementing corporate, marketing and sponsorship communication strategies.

He also has extensive experience in sports marketing and journalism. In 2012–2016, he was Marketing and PR Director as well as press officer for the Wrocław Stadium, and from 2008 to 2012 he worked as a journalist for Telewizja Polsat. He served as a Member of the Supervisory Board of UNIPETROL A.S. and ORLEN Południe S.A. He serves on the Supervisory Board of PZU Zdrowie S.A.

He is a jury member for the Gold Paperclips industry competition, a member of the judging panel for the 50 Most Creative People in Business programme organised by the BRIEF magazine, and a speaker at the Public Relations Professionals Congress.

 

Ms Patrycja Klarecka

 

Ms Patrycja Klarecka has been a member of the PKN ORLEN Management Board since June 24th 2018. She graduated from the Poznań.

University of Economics and Business in Economic Policy and Corporate Strategy. As member of the PKN ORLEN Management Board, she has been responsible, among others, for retail sales and retail chain development. Her remit covers CSR, IT, as well as infrastructure and information security.

In 2016–2018, Patrycja Klarecka served as President of the Polish Agency for Enterprise Development (PARP), Poland’s largest government agency supporting the development of SMEs. Patrycja Klarecka has professional experience in the financial, media and education sectors, including in managerial roles at The Warsaw Stock Exchange (2014–2016), Bank Zachodni WBK (2010–2014), Telewizja Polska (2004–2010),

and PZU (2002–2004). Earlier in her career, she was a lecturer at the Melchior Wańkowicz School of Journalism in Warsaw and a consultant at the Poznań School of Banking.

She chaired the Supervisory Board of ORLEN Deutschland GmbH (2018–2019), served on the Supervisory Boards of the WSE Foundation and IAB Polska and on the Board of the PZU Charitable Foundation. She represented the Polish Television in the Crossmedia Group at the European Broadcasting Union.

 

 

Mr Krzysztof Nowicki

 

Krzysztof Nowicki was appointed to the PKN ORLEN Management Board on September 1st 2022.

Graduate of the Faculty of Law and Administration of the Adam Mickiewicz University of Poznań. He has also completed postgraduate studies in company law at the University of Łódź. He holds the professional title of legal counsel. Winner of MANAGER AWARD 2018.

He was the founder of and partner in a law firm specialising in labour, civil and administrative law.

In 2010, he became Head of the Legal Department of PGE Górnictwo i Energetyka Konwencjonalna S.A. of Bełchatów, and then Management Board Vice President for Corporate Affairs and Asset Management.

In 2016, he took over as CEO of LOTOS Oil. In 2018-2020, he additionally served as Head of Corporate Affairs at Grupa LOTOS S.A. and since 2020 – Head of Strategy and Investors Relations at Grupa LOTOS S.A. He was also Chairman of the Supervisory Board of LOTOS Asfalt, LOTOS Infrastruktura and RCEkoenergia.

From January 2021 to the end of July 2022, he was Management Board Vice President for Mergers and Acquisitions at Grupa LOTOS S.A.

 

Mr Robert Perkowski

 

Robert Perkowski was appointed to the PKN ORLEN Management Board on November 3rd 2022.

Manager, member of the local government and holder of PhD in Economics. His PhD programme was conducted at the Institute of Economics of the Polish Academy of Sciences. He graduated from the Marketing and Management Department and the Finance and Banking Department at the Independent University of Business and Public Administration in Warsaw. He also completed post-graduate studies in Management Analytics at the ORGMASZ Institute of Organisation and Management in Industry. He authored more than a dozen research articles devoted to enterprise virtualisation.

As of March 18th 2019, Vice President in charge of Operations at PGNiG. An economist with long-standing management experience gained in various institutions.

In 2019 and 2020, he served as Member of the Management Board of PGNiG Upstream Norway AS. In 2019, he served as Member of the Supervisory Board of INOVA Centrum Innowacji Technicznych. In 2006–2018, he served as the Mayor of Ząbki and since 2017 has been the President of the Management Board

of the Polish Local Government Union. Prior to 2002, he worked at the Ministry of Justice, where he was responsible for financial payroll plans for the prison service.

He also provided training services and served in other public capacities.

Robert Perkowski is also holding the following positions: Chairman of the Supervisory Board of Krajowa Grupa Spożywcza, Member of the Supervisory Board of EuRoPol GAZ, President of the Management Board of the Chamber of Gas Industry, Chairman of the Supervisory Board of PGNIG Gaz TUW.

 

Mr Michał Róg

 

Mr Michał Róg has been a member of the PKN ORLEN Management Board since September 1st 2018. He oversees the areas of wholesale trade in refinery products, trade in petrochemical products, logistics, supply chain management, and procurement.

Michał Róg is a graduate of the Cracow University of Economics, where he majored in management and marketing, and of the Canadian International Management Institute and Harvard Business School. He has completed the Executive MBA programme run jointly by the Cracow University of Technology and Central Connecticut State University.

Mr Róg has over 20 years of professional experience gained working for TELE-FONIKA KABLE S.A., where he served as: Vice President for Sales – Distribution and Power Generation Sector, Director for Sales and Development of High and Medium Voltage Products, Director for Sales on the Balkan Market, Director for Sales in the Home Market, and Head of the Home Market Office.

From March to August 2018, he was a Management Board Member for Trade at ORLEN OIL Sp. z o.o. of Kraków. From April to August 2018, he was additionally a Management Board Member at Paramo a.s. based in Pardubice, the Czech Republic.

He was a member of the Supervisory Board of Energa S.A. from December 1st 2020 until his resignation on February 22nd 2023.

 

Mr Piotr Sabat

 

Mr Piotr Sabat has been a Member of the PKN ORLEN Management Board since March 1st 2022. He is responsible for the investment, process development, and technology functions.

A lawyer and economist with a breadth of experience in various corporate management and supervisory areas, he has served in a number of senior corporate roles, including as Deputy Chair of the Supervisory Board and Audit Committee of Link 4 Towarzystwo Ubezpieczeń S.A., Member of the Supervisory Board and Audit Committee of Mostostal Płock S.A., General Counsel at FM Logistic responsible for the legal, insurance, and risk and safety management functions, and Head of the Legal Department at GEFCO Group for Poland.

He is a graduate of the Faculty of Law and Administration of the University of Łódź and has completed various other university programmes and courses, including the PhD in law programme at the Institute of Political Studies of the Polish Academy of Sciences, the PhD in economics programme at the Institute of Economics of the Polish Academy of Sciences, the Executive MBA programme run jointly by the Institute of Economics of the Polish Academy of Sciences and the Vienna Institute for International Economic Studies of Vienna, a postgraduate course in management and audit at the Jagiellonian University, a postgraduate course in debt collection at the Warsaw School of Economics, and a postgraduate course in negotiation and mediation at the SWPS University.

Mr Sabat also has teaching experience, having lectured to participants in the MBA programme at Collegium Humanum – Warsaw Management University, students at the War Studies Academy, and postgraduate students at the Helena Chodkowska University of Technology and Economics of Warsaw.

 

Mr Jan Szewczak

 

Mr Jan Szewczak is a lawyer, business analyst and an expert in finance, financial law, banking and macroeconomics.

He graduated from the Faculty of Law and Administration of the University of Warsaw and completed doctoral studies at the Department of Finance and Financial Law. He also completed academic internships in Amsterdam and Prague. For many years Mr Szewczak had been a faculty member and a lecturer at the Faculty of Law and Administration of the University of Warsaw and the Vistula University.

He has gained extensive experience in the financial sector. He has sat on the Management Board of PZU Tower, served as Chief Economist of Kasa Krajowa SKOK (credit union), Member of the Sejm (lower chamber of the Polish Parliament) of the 8th term, Chairman of the Standing Subcommittee on Financial Institutions, and Deputy Chairman of the Public Finance Committee and member of the Digitisation Committee of the Parlament.

He is an economic journalist and the author of numerous opinions and expert reports on business processes and ownership transformations. Its interests include economic history and privatisation processes in Poland and abroad.

 

Ms Iwona Waksmundzka-Olejniczak

 

Ms Iwona Waksmundzka-Olejniczak was appointed to the PKN ORLEN Management Board on November 3rd 2022.

She has many years’ experience in managing large teams and corporate structures, particularly in the energy sector, including oil and gas, and the banking sectors. She has an in-depth knowledge of capital markets, corporate governance, large project management, and corporate strategy development and implementation.

Since April 9th 2022, President of the PGNiG Management Board. Thanks to her efforts, PGNiG signed several contracts with gas suppliers from the Norwegian Continental Shelf, including a long-term contract with Equinor for the purchase of 2.4 billion cubic meters of gas annually. Under her supervision, the merger between PGNiG and PKN ORLEN was successfully finalized in accordance with the adopted timetable. Throughout the process, all stakeholders' interests were taken into account, and the social partners, including trade unions and employee representatives, were fully engaged in dialogue. As a result, PGNiG, PKN ORLEN, and the trade unions at PGNiG signed an agreement confirming the rights of the company's employees after the merger.

From July 16th 2021 to April 8th 2022 she served as President of the Management Board of ENERGA S.A., an ORLEN Group company. She supervised the entire Energa Group and its key projects. She coordinated the implementation of the Energa Group’s new strategy, with a special focus on energy transition goals and

integration with the ORLEN Group.

She joined PKN ORLEN in February 2018, first serving as Head of the Investor Relations Office and from February 2019 as Executive Director of Strategy, Innovation and Investor Relations responsible for the development and implementation of PKN ORLEN’s strategy, decarbonisation strategy, hydrogen strategy and supervision of strategic projects across the Group. She was responsible for creating the "ORLEN in Portfolio" loyalty programme, which was the first of its kind for retail investors on the Polish capital market.

 

Mr Józef Węgrecki

 

Mr Józef Węgrecki has been a member of the PKN ORLEN Management Board since March 23rd 2018.

 

From February 5th to March 23rd 2018, he was a Member of the Supervisory Board delegated to temporarily perform the duties of a Member of the PKN ORLEN Management Board responsible for Investment and Procurement. He is a graduate of the AGH University of Science and Technology in Kraków, Faculty of Mining and Metallurgical Machines. He holds qualifications to serve on the supervisory boards of companies

in which the Polish State Treasury has interests.

In 1978–1990, Mr Węgrecki worked at Zakład Remontowy Energetyki Kraków, where he held the position of Member of the Management Board, Chief Technical Officer. In 1990–1993, he served at employee-owned company Remak Opole as its Vice President. From April 1993 to June 2017, he was President and Member of the Management Board of Remak-Krak Sp. z o.o.

In 2017, Mr Węgrecki was appointed Vice President of the Management Board of Energa Wytwarzanie S.A., where his management responsibilities covered water and wind turbine operation, photovoltaic farms, cogeneration and coal-fired power plants, innovation, heating asset acquisitions and setting development

directions. On February 5th 2018, Mr Węgrecki was delegated to temporarily serve as Member of the PKN ORLEN Management Board for Investment and Procurement, and then in April he was appointed Member of the Management Board, Chief Operating Officer.

He is interested in monitoring and analysing the latest technical solutions in the field of power generation: alternative energy sources and their potential industrial applications. Mr Węgrecki has received a number of awards, including the Galicia Construction Grand Award for his contribution to the advancement of the construction industry, a Badge of Merit for exceptional services to the construction industry, a Gold Medal for long service, an Honoris Gratia badge for charity and community service, and a Medal of the 100th Anniversary of Poland Regaining Independence.

Each of the appointed Members of the PKN ORLEN Management Board submitted a written statement that they are not engaged in any other activity that is competitive to PKN ORLEN S.A., nor are they partners in any competitive civil, partnership or capital companies, and are not involved in other competitive legal entities as a member of their governing bodies. The appointed also declared that they are not listed in the Register of Insolvent Debtors kept pursuant to the Act of 20 August 1997 on the National Court Register.