No changes in PKN Orlen's board - at least for now

The supervisory board of oil giant PKN Orlen has not decided to make changes to the company's management board, as they are still reading the report prepared by Ernst&Young and Deloitte&Touche examining possible irregularities in the firm. "The board was deliberating on among others, financing and developing two key projects, Basell Orlen Polyolefins and Orlen Deutschland," read the official statement of the concern. The next meeting of the supervisory board is scheduled for mid January. By that time the analysis of the reports should be complete and if the results prove unsatisfactory, then the board might sack top directors. "The atmosphere surrounding the company is not beneficial for PKN. The worst decision for Orlen is to not take any decision," claims Rafał Jankowski, CDM Pekao analyst. He also added that if there were no irregularities in the company, then it should be announced clearly and loudly. (Parkiet, p. 1) M.M.