Pekao appoints Michał Krupiński as CEO
18:55
State-owned lender Pekao named former PZU head Michał Krupiński as its new CEO. His appointment needs to be approved by the Financial Supervision Authority (KNF).
Krupiński replaces long-time Pekao boss Luigi Lovaglio who was dismissed, along with him, Deputy CEOs Diego Biondo and Stefano Santini resigned.
The changes in the management board follow the insurer PZU and state investment vehicle PFR's takeover of Pekao from Italian Unicredit.
