30 Apr 2010 07:00
UNOFFICIAL TRANSLATION
Report 42/2010: Appointment of the Management Board of Bank Polska Kasa Opieki S.A. for new term of office
The Management Board of Bank Polska Kasa Opieki S.A. informs that, in connection with expiry of common term of office of the Management Board, the mandates of Members of the Management Board i.e. Messrs. Alicja Kornasiewicz, Member of the Management Board Acting President of the Management Board, Luigi Lovaglio, First Vice President, General Manager and Diego Biondo, Marco Iannaccone, Andrzej Kopyrski, Grzegorz Piwowar and Marian Ważyński - Vice Presidents of the Management Board, expire on 28th April 2010.
Therefore the Supervisory Board of Bank Polska Kasa Opieki S.A. on the meeting held on 28th April 2010 appointed the following persons for common term of office of the Management Board, lasting three years, beginning as of 29th April 2010:
- Mrs. Alicja Kornasiewicz to the position of President of the Management Board; the appointment is effective at the moment of obtaining the approval of the Polish Financial Supervision Authority for appointment of Mrs. Alicja Kornasiewicz as President of the Management Board; until the above mentioned consent is given, Mrs Alicja Kornasiewicz was appointed as Member of the Management Board performing duties of President of the Management Board,
- Mr. Luigi Lovaglio to the position of First Vice President of the Management Board, General Manager,
- Mr. Diego Biondo to the position of Vice President of the Management Board,
- Mr. Marco Iannaccone to the position of Vice President of the Management Board,
- Mr. Andrzej Kopyrski to the position of Vice President of the Management Board,
- Mr. Grzegorz Piwowar to the position of Vice President of the Management Board,
- Mr. Marian Ważyński to the position of Vice President of the Management Board.
Mrs. Alicja Kornasiewicz
Member of the Management Board Acting President of the Management Board Pekao S.A.
On 15th February 2010 Mrs. Alicja Kornasiewicz assumed her new position as the President of the Management Board, following the Supervisory Board's resolution of 12 February 2010. Until the Financial Supervision Authority approves of this appointment, Mrs Alicja Kornasiewicz was appointed as Member of the Management Board performing duties President of the Management Board. Due to expiration of the mandates of Members of the Management Board on 28th April 2010 the Supervisory Board re-elected Mrs. Alicja Kornasiewicz as President of the Management Board. The appointment is effective at the moment of obtaining the approval of the Polish Financial Supervision Authority for appointment of Mrs. Alicja Kornasiewicz as President of the Management Board. Until the above mentioned consent is given, Mrs. Alicja Kornasiewicz is Member of the Management Board performing duties of President of the Management Board.
Before her present seat as President of the Management Board of Bank Pekao S.A., Mrs. Alicja Kornasiewicz had been working as the Head of UniCredit CAIB Poland SA and - since September 2008 - UniCredit CAIB AG in Austria. She had also supervised investment banking operations of the UniCredit Group in Central-Eastern Europe and had been part of the UniCredit Markets and Investment Banking Executive Committee.
Mrs. Alicja Kornasiewicz held numerous positions of increasing responsibility utilizing her financial, accounting and economics knowledge and business and negotiating skills in both the private and public sectors. She is a Statutory Auditor (license no. 1777) and a Member of the National Board of Statutory Auditors.
She worked at the European Bank for Reconstruction and Development (1993-1997), first in London as a senior banker and then as the Bank's representative in Poland, where she managed the Warsaw office.
From 1997 to 2000, Mrs Kornasiewicz served as Secretary of State in the Ministry of the Treasury.
In 1998-1999 she was Chairperson of the Supervisory Board of Bank Pekao S.A.
Between November 2001 and June 2008 she was the Chairperson of the Supervisory Board of Bank BPH S.A.
Since 6th May 2009 till 12th January 2010 she was Member of the Supervisory Board of Bank Pekao S.A.
Mrs Alicja Kornasiewicz holds a PhD degree issued by Academy of Economics in Poznań, is the author of numerous publications and press articles, published both in the Polish press and abroad and has delivered many presentations and speeches concerning investment banking and capital markets to domestic and international audiences.
She is a graduate of the Advanced Management Programme at Harvard Business School, Boston and of the Executive Management Programmes at INSEAD.
Mrs Kornasiewicz graduated from the Central School of Planning and Statistics in Warsaw (presently the Warsaw School of Economics) with a Masters degree in Finance.
Positions held in governing bodies of companies and other organisations:
Currently she is Member of the Management Board of Polish Banks Association.
According to the submitted declaration Mrs. Alicja Kornasiewicz does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not recorded in Insolvent Debtors Register kept in accordance with the Domestic Court Register Act.
Mr. Luigi Lovaglio
First Vice President of the Management Board of Bank Pekao S.A., General Manager
He graduated in Degree in Economics and Commerce at the University of Bologna (Italy). He started his career in Credito Italiano S.p.A. (now UniCredit S.p.A., parent company of the UniCredit Banking Group) in 1973, where he was progressing through a number of important positions in the area of international business, loans, marketing, and organization, including over 10 years as senior executive, managing market areas of increasing importance. In 1997 he was appointed Head of Group Planning Department in the HO, responsible for budgeting and monitoring of all banks in the UCI Group.
Following the participation in several mergers of UniCredito Italiano with newly acquired banks, in 1999, when expansion of the UCI Group in Central Eastern Europe has begun, he was appointed Head of Foreign Banks Group Planning Department with the primary goal of integration of Pekao SA in the Group.
In October 2000 he was appointed Vice President of the Management Board and Executive Director of Bulbank AD, the largest bank in Bulgaria. He has also acted as Chairman of the Management Board of Bulbank AD.
In 2003, he was appointed General Manager of UniCredito Italiano S.p.A.
Since 2003 Mr. Lovaglio is responsible for overall commercial and operational activity of the Bank Pekao SA. he was also the Project Leader of the integration process of Bank Pekao S.A. with Bank BPH S.A., as part of the UCI-HVB Group merger. In November 2007, after completing successfully legal merger between Bank Pekao S.A. and Bank BPH S.A. he was appointed First Vice President of the Management Board and General Manager of Bank Pekao S.A.
Positions held in governing bodies of companies:
He isDeputy Chairman of the Supervisory Board of OJSC UniCredit Bank in Ukraine, Member of the Supervisory Board of Pirelli Pekao Real Estate Sp. z o.o., Member of the Pekao Bank Hipoteczny S.A., Member of the Supervisory Board of Joint -Stock Commercial Bank for Social Develpoment Ukrsotsbank and Member of the Supervisory Board of Joint-Stock Commercial FERROTRADE INTERNATIONAL in Ukraine.
According to the submitted declaration Mr. Luigi Lovaglio does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not recorded in Insolvent Debtors Register kept in accordance with the Domestic Court Register Act.
Mr. Diego Biondo
Vice President of the Management Board of Bank Pekao S.A.
He obtained Degree in Business Administration from the University of Turin.
He started his professional career in 1990 in the Fiat Group in Turin where he held different positions within Financial Department.
In 2000 he moved to New York as Vice President and Deputy Treasurer of Fiat Finance North America where he was in charge of the financial activities of the Fiat Group companies in USA, Canada and Mexico.
In the years 2001-2003 he held the position of Vice President and Financial Director of Fiat Polska Sp. z o.o. in charge of financial activities of Fiat Group in Poland.
In 2003 he joined UniCredit Group with the assignment to Bank Pekao S.A. where he has been Executive Director, Head of Risks Management Division. Since 11 December 2008 he has been Vice President of the Management Board of Bank Pekao S.A.
Positions held in governing bodies of companies:
He is a Member of the Supervisory Board of Pekao Bank Hipoteczny S.A., Pekao Leasing Sp. z o.o. and Pekao Leasing Holding S.A.
According to the submitted declaration Mr. Diego Biondo does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not recorded in Insolvent Debtors Register kept in accordance with the Domestic Court Register Act.
Mr. Marco Iannaccone
Vice President of the Management Board of Bank Pekao S.A.
He obtained Bachelor Degree in Business Administration from Universita' degli Studi di Venezia - Ca' Foscari and Master in Business Administration Degree from Clemson University.
He started his professional career in 1994 as Research Assistant for Department of Applied Economics and for Department of Finance in Clemson University.
From March till November 1995 he worked as International Sales Manager Assistant in 3B S.p.A. in Treviso.
From November 1995 till September 1997 he was consultant in KPMG in Milan. It was a project-based position involving consulting to the major Italian and international banks.
In the years 1997-1999 he was senior consultant in Andersen Consulting in Milan.
From 1999 till 2002 he worked for Deutsche Bank S.p.A. in Milan in M&A and responsible for Private & Business Banking Commercial Planning.
In September 2002 he joined the M&A team of the UniCredit Group.
Since October 2003 he worked for UniCredit Private Wealth Advisory in UniCredit Private Banking S.p.A. Since March 2005 he joined New Europe Division being in charge of Planning and Strategy for CEE.
From September to December 2008 he was Chief Financial Officer of Bank Pekao S.A.
Since 11 December 2008 he has been Vice President of the Management Board of Bank Pekao S.A.
Positions held in governing bodies of companies and other organizations:
He is a Member of the Supervisory Board in Pirelli Pekao Real Estate Sp. z o.o., Pekao Leasing Sp. z o.o. and Pekao Leasing Holding S.A.
According to the submitted declaration Mr. Marco Iannaccone does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not recorded in Insolvent Debtors Register kept in accordance with the Domestic Court Register Act.
Mr. Andrzej Kopyrski
Vice President of the Management Board of Bank Pekao S.A.
He is a graduate of Warsaw Institute of Technology and University of Strathclyde in Glasgow.
He started his banking career in Bank Pekao SA in 1992. In the years 1993-1996 he worked in corporate banking in ING Bank Polska S.A. Then he headed structured finance operations in Deutsche Bank Polska S.A. and from 1997 till 2001 he was Director in ABN Amro Bank (Polska) in charge of structured finance and capital markets. Since 2001 he held a position of Member of the Management Board in HSBC Financial Services (Poland). Since April 2002 he worked in Bank BPH S.A. as Managing Director responsible for Sales, Structured Finance and Capital Markets Area and after merger with Bank Pekao S.A. he took the responsibility for Investment Banking and Structured Finance Department.
On 4th June 2008 he was appointed as Vice President of the Management Board of Bank Pekao S.A.
Positions held in governing bodies of companies and other organisations:
He is a Member of the Supervisory Board in Pekao Faktoring Sp. z o.o. and Pekao Leasing Sp. z o.o.
According to the submitted declaration Mr. Andrzej Kopyrski does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not recorded in Insolvent Debtors Register kept in accordance with the Domestic Court Register Act.
Mr. Grzegorz Piwowar
Vice President of the Management Board of Bank Pekao S.A.
In 1987 he received a title of master engineer of electronics at AGH University of Science and Technology in Cracow (AGH). He completed postgraduate education training in banking at the University of Economics in Cracow.
In 1987 he became a lecturer in the Institute of Electronics of AGH. After five years he embarked on his professional career at Bank BPH S.A. firstly as a branch employee. In 1996-2000 he was Head of Brokerage Office and then for two years Head of the Core South Region of Retail Banking. In 2002 he was appointed Managing Director responsible for Distribution and Sales Area in Bank BPH S.A. Retail Division. In October 2006 he was designated Member of the Management Board of Bank BPH S.A. responsible for retail area.
After integration of Bank Pekao S.A. with the spin-off part of Bank BPH S.A. in November 2007 he was appointed as Vice President of the Management Board of Bank Pekao S.A.
Positions held in governing bodies of companies and other organisations:
He is a Chairman of Supervisory Board of Centralny Dom Maklerski Pekao S.A., Xelion. Doradcy Finansowi Sp. z o.o., Pioneer Pekao Investment Management S.A., Pekao Bank Hipoteczny S.A. and Pekao Pioneer Powszechne Towarzystwo Emerytalne as well as Member of the Supervisory Board of Open Joint Stock Company UniCredit Bank.
According to the submitted declaration Mr. Grzegorz Piwowar does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not recorded in Insolvent Debtors Register kept in accordance with the Domestic Court Register Act.
Mr. Marian Ważyński
Vice President of the Management Board of Bank Pekao S.A.
He graduated from the Department of Law and Administration of the Warsaw University. He was Legal Counsel's trainee and he completed the post-graduate studies on commercial bank management at the Warsaw School of Economics (Szkoła Główna Handlowa).
He started his professional career in January 1974 with Centralny Związek Spółdzielczy (Central Union of Co-operatives) initially at the post of advisor, then division manager and finally office director.
From February 1986 to April 1990 he performed the function of Director of the President's Office at the Headquarters of the National Bank of Poland.
From April 1990 to October 1991 he worked at Bank Amerykański w Polsce S.A. (American Bank in Poland) where he held the position of Vice President of the Management Board.
In 1992 he was employed at a law firm at the post of legal advisor.
As from December 1992 he worked at the Head Office of Bank Promocji Eksportu "Animex Bank" S.A. (Bank for Export Promotion) at the position of Director of the Organisation-Legal Department. From April 1994 to August 1994 he performed the function of Member of the Management Board of this Bank.
From September 1994 to March 1995 he was Consultant to President of the Management Board of Bank Przemysłowo-Handlowy w Krakowie SA.
From April 1995 to August 1998 he was employed at Bank Depozytowo-Kredytowy w Lublinie SA at the position of Director of the Regional Branch in Warsaw.
On 7 August 1998 he was appointed to the position of Manager for the Banks Merger - Executive Director of Bank Pekao SA.
As from September 1999 he performed the function of Executive Director managing the Logistics Division and administrative expenses at the Bank.
Since December 2004 till November 2007 he was the Member of the Management Board of Bank Pekao S.A.
In November 2007 he was appointed as Vice President of the Management Board of Bank Pekao S.A.
According to the submitted declaration Mr. Marian Ważyński does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not recorded in Insolvent Debtors Register kept in accordance with the Domestic Court Register Act.
Legal base: § 5 sect. 1 p. 22 of the Ordinance of the Minister of Finance, dated 19 February 2009 re: current and periodical information submitted by the issuers of securities and conditions of considering as equal the information required by the legal provisions of the non-member country (Journal of Law No. 33, pos. 259)