More dismissals at the top in Netia Holdings

The new board of directors representing former bondholders of Netia Holdings has decided to embark on yet another management reshuffle, forcing the resignation of Ewa Don-Siemion and Avraham Hochman, responsible for finance and organizational restructuring. CEO Wojciech Madalski was reportedly spared a similar fate at the last moment. Netia's new owners appointed Zbigniew Lapinski as acting Chief Financial Officer. Lapinski previously worked as a telecom market analyst for several investment banks, including Deutsche Bank and Creditanstalt. The two recent dismissals come in the wake of February's resignation by another Netia's board member Mariusz Chmi elewski, responsible for sales, and an earlier farewell by Dariusz Woj cieszek, the head of client service department. At the moment out of the original nine board members only four remain, apart from Madalski, and Lapinski these are Mariusz Piwowarczyk, head of the technical department and Stefan Albertsson from marketing. (Parkiet, March 8-10, p.4) J.K.