PHF board members declare that the holding is flawed

Polish Pharmaceutical holding (PHF) seems to have entered a crisis. Two members of PHF's management board, Janusz Koziara, the president of Polfa Pabianice and Marek Jeziorski, who represents the State Treasury, have filed a protest to the Prime Minister and the Treasury Minister against the agreement worked out by the employees of Polfa Warszawa, calling into question the further functioning of the holding. The agreement, which was also signed by the Deputy Treasury Minister Tadeusz Soroka, states that the companies which make up the holding will retain their separate legal identities and will retain the right to decide about research, drug production, sales, marketing and investments. Irmina Jabłońska from the Treasury Ministry who is the president of PHF's supervisory board admitted that the issue has to be explained, but added that since she only received the information about it on Thursday afternoon, the Treasury Ministry has not yet worked out its stance. (Puls Biznesu, pp. 1, 6) E.B.