PKO BP Bank shake up and shareholders meeting expected in early summer

The extraordinary general shareholders meeting of a leading state bank, PKO BP in the person of Treasury Minister Wieslaw Kaczmarek, appointed a new seven member supervisory board of PKO BP. Its members include represen tatives of the Finance Ministry, NBP, the Association of Polish Banks, and the Freedom Union. Members of the new supervisory board are: Krzysztof Pietraszkiewicz, (as chairman), Andrzej Giryn, Arkadiusz Kaminski, Ryszard Kokoszczynski, Jerzy Osiatynski, Wladyslaw Szymanski and Andrzej Wiecz orkiewicz. These appointments do not mean that the board of directors of the bank will be immediately changed. Wieslaw Kaczmarek announced that such changes might be expected when their term of office expires. This will be around May or June when the supervisory board and a general meeting of shareholders will approve the audited financial results or the bank. (Rzeczpospolita, p. B5) P.W.