Are heads about to roll in PKN Orlen?

The value of oil concern PKN Orlen should double by 2006 and its management plans to achieve this by cutting costs and restructuring logistics, production and retail sales. At present the value of the oil giant amounts to zł. 10 billion and it aims to save zł. 800 million by 2004. Sławomir Golonka, deputy president of the company in charge of sales, announced that over the next month, Orlen will present the Treasury with a plan of creating a Central European oil concern. On Tuesday, the supervisory board of the firm will meet and evaluate Orlen's management and try to explain recent information about manipulations of its stock value. A source in the oil sector believe that there will be boardroom changes and Orlen's president Zbigniew Wróbel and deputy president Sławomir Golonka will be sacked. President of Nafta Polska, Maciej Gierej, is being mentioned as Wróbel's successor, but according to rumors, he is not going to apply for the post. (Parkiet, p. 6) M.M.