PZU president finally receives KNF's blessing

The Commission approved the request by the Treasury Minister to appoint Netzel for the position of the PZU president after he received 4 votes for and 3 against. Netzel was supported by the deputy KNF chairman Iwona Duda, the deputy Minister of Labor and Social Policy Anna Kalata, the representative of the Ministry of Finance Arkadiusz Huzarek and the representative of the president Henryk Ciok, however, the chairman of the Commission Stanislaw Kluza, his deputy Jaroslaw Gomola and the deputy president of the National Bank of Poland Jerzy Pruski were against his nomination. An attorney from Gdynia, Netzel was appointed PZU president on the 8th of June this year replacing Cezary Stypulkowski, a financial market favorite. The Treasury Ministry did not issue any comment on the decision of the Commission. "The Ministry does not comment on the decisions of independent bodies such as KNF," stated a deputy Treasury Minister Pawel Szlamacha. (Puls Biznesu, pp. 1, 8) E.B.