Pekao CEO Michał Krupiński resigns

Michał Krupiński resigned from CEO of Bank Pekao post with immediate effect, the bank said on Friday. Initially, the departing CEO did not specify the reasons for his resignation. However, later the bank said in a statement that Krupiński wants to continue his career outside of Poland. The bank's supervisory board appointed Marek Lusztyn, the current vice president, as a new CEO under the condition of getting the consent of the Polish Financial Supervision Authority (KNF). 

Michał Krupiński was the head of Bank Pekao from June 2017. Marek Lusztyn was the bank's vice president supervising the activities of the Risk Management Division from July 2017. He also served as a member of supervisory boards at several units of Bank Pekao: Pekao Leasing, Pekao Bank Hipoteczny,  and Pekao Investment Banking.

(PAP)