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The Supervisory Board of Grupa LOTOS S.A. has concluded the procedure to select the President of the Management Board of Grupa LOTOS S.A. of the ninth joint term of office.
The Supervisory Board has today resolved to appoint Mr Paweł Olechnowicz to the Management Board of Grupa LOTOS S.A. of the ninth joint term of office as President of the Management Board.

General

The Supervisory Board of Grupa LOTOS S.A. has concluded the procedure to select the President of the Management Board of Grupa LOTOS S.A. of the ninth joint term of office.
The Supervisory Board has today resolved to appoint Mr Paweł Olechnowicz to the Management Board of Grupa LOTOS S.A. of the ninth joint term of office as President of the Management Board.

The Supervisory Board has also resolved to continue the procedure with respect to the other positions on the Management Board. The term of office of the current Management Board expires on June 28th 2015. The other members of the Management Board will be appointed before that day. 

Mr Paweł Olechnowicz has been President of the Management Board of Grupa LOTOS S.A. since March 12th 2002. He is in charge of, and takes responsibility for, the overall management and direction of the LOTOS Group’s operations. He also serves as Chairman of the Board of Directors of LOTOS Exploration and Production Norge AS, as well as the Board of Directors of LOTOS Geonafta.

He graduated from the Kraków University of Science and Technology (the Faculty of Technology and Mechanisation of Foundry Engineering), completed a post-graduate course in Organization, Economics and Industrial Management at the Gdańsk University of Technology, MBA INSEAD, Fontainebleau, and attended a number of courses in management, both in Poland and abroad.

In 1977, Mr Olechnowicz began his professional career in Zakłady Mechaniczne Zamech of Elbląg (renamed ABB Zamech Sp. z o.o. in 1990). In 1990−1996, he was President of the Management Board and CEO of ABB Zamech Ltd.; concurrently, in 1994−1996, also served as Vice-President of ABB Polska. Subsequently, for two years Mr Olechnowicz worked at the headquarters of ABB Ltd. in Zurich, Switzerland, as Vice-President for Central and Eastern Europe. In 1999−2000, Mr Olechnowicz was Vice-President and Deputy CEO of ZML Kęty S.A., and from 2001, ran his own consultancy firm, Paweł Olechnowicz-Consulting.


Communications Office, Grupa LOTOS S.A., ul. Elbląska 135, 80-718 Gdańsk, Poland, tel. (+48) 58 308 87 31, (+48) 58 308 83 88, (+48) 58 308 83 55, e-mail: media@grupalotos.pl