Deputy Treasury Minister quits to seek WSE CEO position
June 9, 2014
Polish deputy Treasury Minister Pawel Tamborski filed his resignation from the post, as he intends to be a candidate for the post of CEO of Warsaw Stock Exchange operator GPW, the Treasury Ministry said in a statement on Friday.
The resignation was accepted by PM Donald Tusk, the statement said.
"I'm pleased that a person of such high standing among market participants agreed to take on the challenge of managing the largest stock exchange in this part of Europe," Treasury Minister Wlodzimierz Karpinski said in a statement.
The holder of the CEO's job, Adam Maciejewski, was appointed in January 2013 for a term which ends in the middle of this year.
WSE operator GPW will decide on the new CEO at the shareholder meeting scheduled for June 26, the company said in a market filing on May 30.
Tamborski will be most likely replaced by Poland's deputy Finance Minister Wojciech Kowalczyk, who will leave the current post.
"Deputy Finance Minister Wojciech Kowalczyk is leaving the Finance Ministry and will resign in mid-June at the earliest," a governmental source told PAP Polish news agency. "He will replace deputy Treasury Minister Pawel Tamborski."
The Warsaw stock exchange is the biggest bourse in central and eastern Europe in terms of combined market capitalization and second in Europe after London in terms of number of initial public offerings.