Polkomtel gears up for more management reshuffling

Recent changes in the makeup of the managing board of Polkomtel, Poland's second largest mobile telecom operator, are only temporary, with shareholders gearing up in the next few weeks for a fight over management seats. Three days ago Marek Mroczkowski was elected Polkomtel president, although the Treasury wanted PKN Orlen and KGHM, with which it owns over 39% of the telecom operator, to appoint Jacek Bochenek. Mroczkowski himself admits he is an interim president and that a new head will be chosen at the supervisory board's next meeting. The changes in management not only resulted from the previous board's term ending, but also from unsatisfactory results. "The targets set for the first two months of this year have not been met and the [previous] management is partly responsible," said Marek Sypek, newly appointed vice-president of Polkomtel and also vice-president of KGHM. An anonymous analyst told Puls Biznesu that the operator's results so far this year are not particularly good, but that the main reasons for the management reshuffle are political. (Puls Biznesu, p.3) T.J.