PHF slowly begins to get its act together

This includes simplifying the management of the enterprise so that the top directors decide whether they are working solely for PHF, or exclusively for their own company. Another pressing need is to raise budget contributions to the Holding. The first part of these objectives were initiated by Andrzej Kleszczewski who resigned from the position of being chairman of Polfa Tarchomin to focus on his other responsibility in PHF. At the same time the supervisory board called on other members of the management board to follow suit. As a result, the two other chairmen, Janusz Koziara from Polfa Pabianice and Władysław Karaś from Polfa Warszawa, who still hold two posts are expected to follow Kleszczewski's lead. The other objective is more complex, as boosting the present level of contributions may involve changing the legal status of the companies, which would mean long and expensive re-registration of medicines and renegotiation of license terms. (Puls Biznesu, p. 7) M.G.