Orlen crunch meeting could be overshadowed by court

PKN Orlen's supervisory board is expected to make major changes to the company's management board when it meets today. However, some analysts believe the decisions will be suspended because of a complaint about the alleged invalidity of the nominations of Jacek Bartkiewicz and Krzysztof Żyndul to the supervisory board submitted to the court by the Bengodi Finance, a company connected with Jan Kulczyk. Although the State Treasury claims that the appointment of the two new supervisory board members was legal, if the Bengodi ask the court to withhold the implementation of the decisions about the nominations, Bartkiewicz and Żyndul will not be registered by the court as new supervisory board members and will be unable to fulfill their functions for some time. Meanwhile, it has turned out that the previous PKN Orlen's president Zbigniew Wróbel will get a severance pay of around zł.6 million instead of zł.2-4 million predicted by analysts. Wróbel revealed that an annex to his contract was signed in spring 2002 which guaranteed him extra payment. (Puls Biznesu, pp.1,7; Parkiet, p.1) E.B.