PKN Orlen president under the spotlight - and auditor

Following numerous negative reports concerning oil giant PKN Orlen which have been recently reported by the media, there is increased speculation that Zbigniew Wróbel, Orlen's president, will soon be sacked. However, according to well placed sources, no such decision will be made by the general shareholders meeting scheduled for today. On October 22 the supervisory board turned to the management with a request to employ an auditing company to examine all procedures which are used within the company. Ernst&Young will examine all transactions for purchase of land for gas stations, especially with regard to the largest contracts. The auditor will also study the process of recent rebranding, which was conducted by Recon Services Centers in which Wróbel indirectly controls a 10% stake. Ernst&Young will examine a total of eight different fields which were outsourced. The results of the audit will have a major effect on the future of PKN Orlen, and will ultimately be a deciding influence on Wróbel's fate. (Parkiet, p. 1) A.K.