New CEO at PKN Orlen
Earlier this month, a deputy treasury minister called on the company's management to solve its internal arguments in order to speed up work on its strategic-development plans.
Krawiec joined the board earlier this year, after a career in the IT industry. The Polish treasury, which has a controlling stake in PKN Orlen, is said to have favored him for the position.
Heydel, a veteran of the oil industry, had headed the firm since June.
This appointment is the latest in a long line of management changes instigated by the government. Some market observers have said that the high turnover in management has damaged the firm's performance.
"No shock here as the market has considered the move as a certainty," said BRE brokerage analyst Kamil Kliszcz. "But the news that the company is losing an experienced executive is certainly not positive."
PKN Orlen's stock price increased to zł.31 on the news, a 0.3-percent increase. (Reuters)
