Elektrim makes Krawiec CEO, may bring forward EGM

The supervisory board of Elektrim has named Jacek Krawiec as the company's new chief executive officer. Krawiec, currently chief executive of metals trader Impexmetal, will take over from acting Elektrim CEO Waldemar Siwak, who will return to heading the company's supervisory board. Elektrim gave no reason for the decision, although the Puls Biznesu daily reports unofficially that the Securities and Stock Exchange Commission (KPWiG) has accused Siwak of using confidential information in speculating on Elektrim shares. The removal of Siwak appears to increase the chances that the date of an extraordinary general meeting of Elektrim shareholders will be brought forward. The outgoing management headed by Siwak had wanted to delay the meeting in order to give it time to work out a debt restructuring deal with holders of euro 480 million worth of defaulted bonds. Now the meeting looks set to be held a month earlier than planned. "I think a rational date would be the middle of April," Ludwik Klinkosz, member of the supervisory board, is quoted as saying. (Gazeta Wyborcza, p. 22; Puls Biznesu, pp. 4, 5; Reuters) P.J.