Mismanagement believed to be behind Stoen suspensions
The supervisory board of Warsaw's electricity supplier Stoen has suspended t
wo senior management board members, chairman and CEO Krzysztof Konaszewski a
nd marketing director Grzegorz Popielarz. Puls Biznesu speculates that the r
eason for the suspensions is the two executives' mishandling of the debts of
farming machinery company Ursus. which owed Stoen zl.38 million. Unofficial
sources quoted by Puls Biznesu suggest that Konaszewski and Popielarz sold p
art of the debt, believed to be around zl.8 million, to an anonymous coal tr
ading company. The case came to light when Stoen failed to receive any money
from the debt sale, while the coal trading company received from Ursus prope
rty on the outskirts of Warsaw valued at zl.4 million. (Puls Biznesu, p. 5)
A.K.
