Elektrim ousts deputy CEO over "difference of opinion"

The supervisory board of Elektrim has suspended the company's deputy chef executive officer Jacek Walczykowski, after a disagreement within the management regarding the date of a shareholders meeting. Walczykowski has opposed delaying the meeting, during which a group of investors centered around BRE Bank is expected to try to oust the management. Elektrim said it wants to hold the meeting later because of ongoing debt composition proceedings with the holders of euro 480 million of defaulted bonds. "In view of the difference of opinion relating to the composition proceedings that has emerged in past weeks within Elektrim's management board, the supervisory board has suspended Jacek Walczykowski," Elektrim said in a statement yesterday. According to the Puls Biznesu daily, at another supervisory board meeting scheduled for Tuesday a new Elektrim president may be chosen. Under heavy criticism from shareholders, acting president Waldemar Siwak is expected to take up his position again on the company's supervisory board. The public prosecutor has confirmed that an unnamed but influential shareholder has filed a motion, accusing Siwak of harming the company's interests and failing in his duty to pass on information to the public. (Puls Biznesu, p. 6; Reuters) P.J.