BZ WBK announces new CEO

Michał Gajewski became chairman of Bank Zachodni WBK, according to reports in the Polish press on Tuesday. He had been acting as a temporary president since May. Gajewski is a lawyer by training, and completed graduate studies abroad, including at Chicago’s Northwestern University and London Business School. In the past, he worked as a director at Bank Millennium. He replaced Mateusz Morawiecki, who resigned as CEO after being appointed Deputy Prime Minister and Minister of Development for Poland. Bank Zachodni WBK is one of the leading banks in Poland, although its main shareholder is Spanish bank Santander -- the first bank in the eurozone and 11th in the world in terms of capitalization.