Shareholders vote to keep Skipietrow as president of Mostostal Export

Wednesday's general shareholders meeting of Mostostal Export (ME) unanimously accepted to leave Michał Skipietrow as company president for the next five-year term in the office without even having analyzed the other candidates. "The main objective is the continuation of healing the company. An equally important issue is to rebuild ME's position in Poland through intensive export activities," said Skipietrow who has been president of the concern since 1990. Shareholders also voted to cover 2003 losses amounting to zł.49.36 million with reserve capital. In Q1 Mostostal Export posted a zł.678,000 net profit, which should signify the end of losses. The management announced that the full-year profit would reach at least zł.3 million on revenues of zł.180 million in 2004.(Puls Biznesu,p.9) M.M