Michał Krupiński becomes new CEO of PZU

The supervisory board at state-run insurer PZU has appointed Michał Krupiński as its new CEO, the company reported. "This is an honour for me to be in charge of such an amazing company as PZU. This is also a great deal of responsibility towards clients, shareholders and the employees... My ambition is to build a quality for the shareholders and enhance the international position of the firm," Krupiński stated. 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. Andrzej Klesyk stepped down "at the request of PZU owner, the State Treasury," in early December.