New president of KGHM is a mystery to analysts
Krutin was the president of PCC Rokita for a few years and is a graduate of Wrocław Technical University. Experts and representatives of the trade unions at KGHM claimed the firm needs to invest in new and existing copper deposits. "As long as the price of copper is high around the world, even the strong złoty is not able to threaten the company's financial result. However, there are already some scratches from high manufacturing costs and the declining quality of extracted ore," said Marcin Sójka, an analyst at DM PKO BP. Analyst agreed that the firm needs to invest in new deposits, but at the same time warned against having too many concepts, which would be hard to carry out. Analysts were also divided over whether the new CEO will approve or amend the 2008 budget.