LNM begins to put its stamp on PHS

Due to this, decisions regarding company personnel fall within the competence of the shareholders meeting rather than the supervisory board. It is likely that some heads will roll, but that the incumbent PHS president, Jerzy Podsiadło, will probably keep his job. "One of the important decisions will be distributing zł.650 million, which we have received from the investor," said PHS spokesman Andrzej Krzyształowski. LNM has increased PHS' capital by zł. 800 million, out of which zł.650 million was in cash and zł.150 million through the conversion of a loan. (Puls Biznesu, pp. 1, 10) M.M.