CEO of Lotos dismissed

The supervisory board of Polish state-controlled refinery giant Lotos has dimissed its long-time president, Jacek Olechnowicz. He will be replaced by Robert Pietryszyn, a member of the board at state-owned insurer PZU. Olechnowicz had served as the CEO of Lotos since 2002. It was the longest tenure of any president in Poland's state-owned companies.