LOTOS

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The Management Board is responsible for running the business of Grupa LOTOS S.A. and represents it in all activities except for the ones that are reserved for the competences of the General Meeting or the Supervisory Board, or which exceed the ordinary management of the Company and which require a prior resolution of the Management Board. The scope of issues that require resolutions of the Management Board is governed by the Management Board Bylaws. 

Ordinary matters of the Company, not requiring the Management Board’s resolution, shall be carried out by the President independently and by individual Management Board members in line with the division of powers and responsibilities defined under the Organisational Rules of Grupa LOTOS S.A., pursuant to which:

  • the President of the Management Board directs and supervises the Company’s management, hydrocarbon exploration, development and production operations, as well as the trading area,

  • the Vice President of the Management Board, Chief Financial Officer, directs and supervises the Company’s financial matters,

  • the Vice President of the Management Board, Chief Strategy and Development Officer, directs and supervises the Company’s operations with respect to development and implementation of the Company’s strategies and development projects,

  • the Vice President of the Management Board, Chief Refining Officer, directs and supervises the Company’s refining operations.

MANAGEMENT BOARD REGULATIONS OF GRUPA LOTOS S.A.