New PIR head to be revealed soon

Michał Popiołek and Jerzy Góra are the two most likely candidates for the chief executive post at state-owned investment vehicle Polskie Inwestycje Rozwojowe (PIR), according to sources quoted by Puls Biznesu. The competition is said to be coming to an end. Popiołek, who is a financial manager in the mBank group, is seen as a favorite, one of the sources said. “His experience and skills ideally fit the expectations toward the new CEO,” the person said. He also has a good cooperation record with lender BGK, the second operator of the Polish Investments program. Góra, vice-president of the Industrial Development Agency and a member of PIR’s supervisory board, is also a strong candidate. He has also worked for BGK. PIR’s first CEO was Mariusz Grendowicz, who was dismissed from the post in mid September. No reasons for the decision were disclosed at the time.