PZU head urged to quit, deputy Fin Min new candidate

According to Rzeczpospolita daily, deputy Finance Minister Jaroslaw Bauc is rumored to be a candidate for the post of president of Powszechny Zaklad Ubezpieczen (PZU), Poland's largest insurer. PZU's president Wladyslaw Jamrozy was suspended in January after he abstained from voting at BIG Bank Gdanski's (BIG BG) shareholders' meeting allowing Deutsche Bank to gain control of BIG BG's board. Treasury Minister Emil Wasacz recently said he would like Jamrozy to be reinstated to his post, but now it seems Bauc has better chances. European insurance group Eureko, which has a 20% stake in PZU, wants Jamrozy out, claiming he had cheated them by not disclosing his deal to sell PZU's BIG BG shares to Deutsche Bank. Eureko threatened, it would not make the zl. 500 million - zl. 600 million capital boost in PZU, as it had planned, if Jamrozy was reinstated. (Rzeczpospolita, page B5) T.J.