LOT's supervisory board sacks CEO and board members

This was not the only change in the carrier's management board. The supervisory board also decided to sack Władysław Metelski and Piotr Dubno, hence the only person from the old management team left in the firm is Andrzej Wysocki. LOT did not reveal the official reasons for the sackings, but the Treasury Ministry, owner of a 68% stake in LOT, provided an explanation. "LOT has lost 25% of the market, and its savings program focused mainly on cost cutting without care for the company's revenues. Furthermore, the firm did not have a coherent strategy for the future," said Agnieszka Dłuska from the Ministry. (Puls Biznesu, pp. 1, 4) A.F.