Polish BPH Chief Executive Resigns
It did not give reasons for the resignation, saying Pieronkiewicz would continue to run BPH until shareholders approve the bank's report for 1999. BPH is 81.5 percent owned by the Munich-based Bayerische Hypo und Vereinsbanks AG.
"Mrs Henryka Pieronkiewicz was offered work in the supervisory board and the offer was received with appreciation," the statement said, adding the supervisory board was now looking for a condidate to fill the post of the bank's chief executive.
BPH's net profit in the first three quarters of the year fell to 109 million zlotys ($26 million) from 247 million in the same period of last year.
"Mrs Henryka Pieronkiewicz was offered work in the supervisory board and the offer was received with appreciation," the statement said, adding the supervisory board was now looking for a condidate to fill the post of the bank's chief executive.
BPH's net profit in the first three quarters of the year fell to 109 million zlotys ($26 million) from 247 million in the same period of last year.
