Yawal plans changes with half Paged supervisory board

Despite owning just 11.2% of wood and furniture company Paged, aluminum components maker Yawal System now occupies half of all seats on Paged's supervisory board and plans major changes. Thanks to the support of other shareholders, Yawal put five representatives on Paged's 10-seat supervisory board at Wednesday's shareholders meeting. Yawal financial director Piotr Knapinski told Gazeta Wyborcza the company will now be looking to make changes on the managing board, including the president's post, and sell off some of Paged's subsidiaries. Meanwhile, Yawal president Edmund Mzyk told Puls Biznesu that no radical changes are planned yet, as Yawal first wants to conduct a detailed review of Paged's situation. (Puls Biznesu, page 8) T.J.