New KGHM president safe with profits set to soar

This is most likely in retaliation for their disobedience at the end of March, when they acted against Kaniewski's orders and voted to dismiss company president Stanislaw Speczik. However, according to Ryszard Brzyzny, head of the largest trade union at KGHM, who cited his conversation with Kaniewski, no further changes are likely at the company's managing board, which would mean that newly elected president Wiktor Błądek will stay. The managing board of KGHM also said that the company's net profit forecast for this year could be revised upwards at the beginning of May from the present target of zł.652 million. Some analysts believe the end of year figure could be as high as zł.1 billion. (Parkiet, p. 5) T.J.