The Warsaw Voice » Business » News - June 13, 2018
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Battle over copper giant
Listed metals firm KGHM remains subject of a battle for control between governing party leaders, insider reports for the daily Dziennik Gazeta Prawna and Puls Biznesu indicate.
Prime Minister Mateusz Morawiecki could yet take over supervision of the firm from Energy Minister Krzysztof Tchorzewski, just as he recently took over supervision of fuel firms Lotos and PKN Orlen.
The lead candidate for CEO is the current head of the Industrial Development Agency (ARP) Marcin Chludzinski, who currently reports to Morawiecki, sources tell both Dziennik Gazeta Prawna and the daily Puls Biznesu.
Chludzinski is said to have good relations with party insider Adam Lipinski. The current vice president Ryszard Jaskowski, considered a close associate of Energy Minister Tchorzewski, applied for two board posts, both CEO and board member for production.
The acting CEO of listed copper firm KGHM Rafal Pawelczak and CFO Stefan Swiatkowski did not apply for the full-time regular post in the ongoing competition for a new board, both dailies claim from their sources.
The change in leadership at Chilean unit Sierra Gorda surprised KGHM's Japanese partner Sumitomo, making the KGHM board appointment for foreign affairs crucial.