Treasury Minister prepares a purge of state-owned companies of unloyal CEOs

This means that the presidents of PZU, PKN Orlen, as well as PKO BP and Grupa Lotos, will soon be sacked. These companies post good results, often thanks to the efforts of the chairmen, but the position of the CEOs was weakened following the dismissal the former treasury minister Andrzej Mikosz. On Tuesday, Jasiński announced he would be pushing hard to sack Maksymilian Klank, president of coal concern Kompania Węglowa as he was voting against the instruction of the Ministry during the general shareholders meeting of Ciech. According to Parkiet, the leaders of Law and Justice (PiS) plan to complete the changes in the management board by the end of March. The CEOs of Lotos and Orlen have not yet stimulate the wrath of their political master and thus seem to be in the best position to keep their jobs, particularly, as their work is rather highly appreciated. (Parkiet, p. 1; Puls Biznesu, pp. 1, 4-5) M.M.