PZU to restructure for 2003-2008 strategic objectives

Puls Biznesu has gained access to PZU's strategic objectives for the years 2003-2008, which will see changes in the majority of its subsidiaries. The document was prepared in cooperation with consulting company KPMG, commissioned over a year ago by PZU President Zdzisław Montkiewicz. The core of the insurance group will be Centrum Korporacyjne, the heart of which will be the Strategic Committee (KS), which will in turn be comprised of the management boards of PZU, PZU Życie, PTE PZU, and TFI PZU. KS will be managed by subsidiary presidents and a PZU management board member, who will be responsible for financial issues. "I am afraid that the changes are formulated as if a new company were to be created, while PZU is entrenched in its local environment and this is its strength. Customers may lose out on the changes, as they are used to certain forms of sales and service," said one company director. (Puls Biznesu, pp. 1, 4) M.M.