KGHM sacks CEO

WSE-listed, state-run silver and copper giant KGHM dismissed its CEO Dominik Łabędzki-Domagalski effective immediately and appointed its deputy CEO for production Rafał Pawelczak as acting CEO, the company said. Also losing his job was deputy CEO Michał Jezioro. Łabędzki-Domagalski was in charge at the company since October 2016, the company did not provide a reason for dismissal, but added that it will look for a new President. Next extraordinary general meeting has been set for March 15 and the company’s management will be discussed as per the Treasury request.