Tension between Kaczmarek and new PZU Zycie boss

Conflict has arisen between the president of state-owned insurer PZU, Zdzisl aw Montkiewicz, and Treasury Minister Wieslaw Kaczmarek, following Montkiewi cz's self-nomination as president of the supervisory board of PZU Zycie, a P ZU subsidiary, and his decision to replace three other members of the board. At the PZU shareholders' meeting Friday, Bogdan Benczak and Krzysztof Strzem boszewski, the two PZU representatives selected by Montkiewicz, disregarded Treasury directives and recalled four, instead of two, members of the board and failed to fill the posts with any of Kaczmarek's candidates. According t o unofficial information, Kaczmarek intended to contact Prime Minister Lesze k Miller about PZU and to question the shareholders' meeting decision. Alleg edly, the reshuffle was due to a bitter conflict between Montkiewicz and for mer PZU Zycie president Ireneusz Nawrocki, who had been supported by Kaczmar ek. In an interview with the Polish Press Agency (PAP), Montkiewicz denied t hese allegations. (Gazeta Wyborcza, June 8-9, p. 32) K.S. Tension between Kaczmarek and new PZU Zycie boss Conflict has arisen between the president of state-owned insurer PZU, Zdzisl aw Montkiewicz, and Treasury Minister Wieslaw Kaczmarek, following Montkiewi cz's self-nomination as president of the supervisory board of PZU Zycie, a P ZU subsidiary, and his decision to replace three other members of the board. At the PZU shareholders' meeting Friday, Bogdan Benczak and Krzysztof Strzem boszewski, the two PZU representatives selected by Montkiewicz, disregarded Treasury directives and recalled four, instead of two, members of the board and failed to fill the posts with any of Kaczmarek's candidates. According t o unofficial information, Kaczmarek intended to contact Prime Minister Lesze k Miller about PZU and to question the shareholders' meeting decision. Alleg edly, the reshuffle was due to a bitter conflict between Montkiewicz and for mer PZU Zycie president Ireneusz Nawrocki, who had been supported by Kaczmar ek. In an interview with the Polish Press Agency (PAP), Montkiewicz denied t hese allegations. (Gazeta Wyborcza, June 8-9, p. 32) K.S.