Prochnik dismisses finance director for company losses

The board of directors of the Prochnik textile concern has decided to dismiss the company's financial director as the result of recent losses. Andrzej Chwedczuk, to be replaced by. Joanna Jezynska Ziolkowska, has been charged by the board with lack of financial discipline within the company and inappropriate management of its finances, which caused, in their analysis, the losses Prochnik will record this year. Following management changes, a new strategy will be implemented, based, according to Prochnik president Zbigniew Przesmycki, on better and more effective management of the firm's investments, namely the shares of the five other companies Prochnik owns. The market shares of these companies, Miranda, Jarlan, Dolwis, Koronki and Wisan, have dropped significantly. (Prawo i Gospodarka, p.12