PGZ dismisses board, CEO

State-owned arms producer Polska Grupa Zbrojeniowa dismissed its CEO and three of its board members, the company said in a market filing. CEO Błażej Wojnicz, along with board members Konstancja Puławska, Piotr Sulewski, and Karol Tatara were dismissed. Jakub Skiba was appointed acting CEO, with Bogdan Borkowski, Wojciech Dąbrowski, Paweł Olejnik being promoted to the company’s supervisory board. Skiba, until now was the CEO of the Polish Security Printing Works PWPW, his replacement there was not named yet. Several other managers also lost their jobs. PGZ is a state-controlled defense group of over 60 companies with annual revenue of some PLN 5 billion.