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Major personnel changes for state owned giants

2007-09-24 00:00
publikacja
2007-09-24 00:00
This will concern chemical concern Chemia Polska, arms producer Bumar and the largest domestic press distributor Ruch. "If there are management boards in continuous conflict with the supervisory board, they cannot restructure their operations and continue years long deficits, than it is time for personnel changes," said the Deputy Minister.

Jackiewicz also stated that he will encourage the management board of copper conglomerate KGHM to take a decision about purchasing power plant PAK from Elektrim, as "This aims at regaining state control over PAK." He stressed that if KGHM rejected this proposal, he would look for another state owned company to carry out the transaction and that the price offer of zł.1-1.2 billion made to Elektrim would not be changed very much. According to Jackiewicz, privatization proceeds in 2008 will stand at zł.2.3 billion and the most important company to be sold will be the national airline PLL LOT.



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