PHF's revolution begins with a management purge

The decision empowers the PHF directors to change management boards of individual factories, as well as their supervisory boards. The intended effect is to be better able to manage the entire holding. "The supervisory board made a decision that the management board should implement the restructuring program devised by an advisory company. Creating an efficient system of managing the holding is a part of that process. Our directors must have the possibility to do that," said Irmina Jabłońska, the head of PHF's supervisory board. PHF is an owner of 80% of stock of each of the Polfas. The management board of PHF has until January 21 to present the names of the new directors who will head the individual Polfa companies. A meeting with Treasury Minister Jacek Socha is scheduled four days later. On 4 February, during its nearest meeting, PHF's supervisory board will state its opinion on the candidates. (Puls Biznesu, p. 3) D.W.