PZU CEO to take on Treasury and Eureko

The CEO of PZU on Monday blasted the firm's strategic investor Eureko for undermining his credibility and vowed to launch a political debate over the insurer's future. PZU CEO Zdzisław Montkiewicz told reporters that he was a victim of a smear campaign in an ugly row between the State Treasury, which controls the insurer, and Dutch-based Eureko, which has a 30% stake in PZU. The long-running battle over control of the company threatens to undermine Poland's reputation as a safe place to do business. "I know that we are in the way of many people who want to carry out their own individual plans at the cost of PZU and its clients," Montkiewicz said, but he did not answer reporters' questions about who these people were. Eureko spokeswoman Lorrie Morgan denied involvement in any smear campaign: "Why should want to do that. The answer is no (Eureko is not involved)". (Puls Biznesu, p. 4; Parkiet, p. 8; Reuters) A.K.