KNF approves new PZU CEO

Financial watchdog KNF has approved Michał Krupiński as the new CEO of state-controlled insurer PZU, the institution said. Krupiński was appointed as the new head of the company in January after Andrzej Klesyk was dismissed from his post. Since 2011, Krupiński has held the office of the president of the board at Merill Lynch Polska and the head of investment banking for the CEE at Bank of America Merrill Lynch. He also was the deputy treasury minister in the previous Law and Justice (PiS) government.