KNF approves Pekao and BOŚ CEOs

Financial Supervision Authority KNF cleared Michał Krupiński candidacy for the Pekao SA CEO and Bogusław Białowąs as the head of BOŚ. Krupiński was appointed deputy CEO back in June, pending KNF approval to become the lender’s president. He replaces Luigi Lovaglio, who was dismissed after Pekao SA was acquired by the Treasury. Previously Krupiński was the head of Poland’s state-owned insurer PZU, which acquired Pekao. He held this position between January 2016 and March this year. Białowąs was appointed BOŚ CEO in September, pending KNF approval. Previously he worked for the state-run lender BGK where he was responsible for developing and managing state-run housing projects. He replaces Stanisław Kluza.