Kulczyk's plans for Orlen find no favors with Treasury

Treasury Minister Wieslaw Kaczmarek does not want Jan Kulczyk to become head of the supervisory board of oil concern PKN Orlen. At the upcoming sha reholders' meeting there may be some changes in the supervisory board and Kaczmarek has his own candidate for the post. "Certainly it is not Jan Kulczyk, as in his case managing the supervisory board would constitute a conflict of interest," Kaczmarek told Rzeczpospolita. Kulczyk became o fficially interested in PKN Orlen at the previous shareholders' meeting in February. Two of "his" people then became members of the supervisory board and companies related to Kulczyk Holding acquired a small stake in PKN Orlen. Later, Kulczyk announced that he intended to purchase at least a 10% stake and create a regional oil concern through Orlen's alliance with Hungary's MOL and OMV of Austria. According to Kaczmarek, the president of the supervisory board cannot be personally engaged and interested in the privatization of PKN Orlen, "Besides, Kulczyk is the head of TPSA's su pervisory board, which controls GSM opertor Idea, and Idea is a major competitor of Polkomtel's Plus mobile phone network in which PKN Orlen has a stake," he added. (Rzeczpospolita, p. B3) A.Z.