Treasury warns LOT CEO to not get too comfortable

"The general shareholders meeting should take place within a few weeks," said Ireneusz Dabrowski, deputy treasury minister. He justified his decision to terminate Mazur claiming that he has violated the law twice, once when he was running a one-man company while being a deputy president of the National Health Fund (NFZ), and again when he was convicted for drunk-driving. "The incident with the driving license took place ten years ago. It was not adequate behavior, but I was punished for that. In line with an opinion of a lawyer of the NFZ, the act does not encompass deputy presidents," said Marek Mazur. The Treasury will also investigate whether the mode of appointing Mazur violated the law. All of these actions will delay LOT's IPO, previously scheduled for the end of 2007. (Rzeczpospolita, B1) M.M.