CEO's in state-owned insurance companies sacked

The Treasury will hold a meeting during which they will establish changes in the board of directors and the number of supervisory board members. The first one to go will be Jan Durajczyk, the president of the Polish Reinsurance Association. The changes will also affect Korporacja Ubezpieczen Kredytow Eksportowych which is 87.8% owned by the Treasury, and where the terms of office of the management and supervisory boards are about to expire. On July 26 a general shareholders meeting will be held to appoint new boards. (Puls Biznesu, p. 6) H.D.