logo

Appointment of Grupa LOTOS Management Board of the eighth term of office
Report no. 22/20122012-06-21

June 21st 2012 The Supervisory Board of Grupa LOTOS S.A. ("the Company", "the Issuer") resolved to appoint the following persons to the Management Board of the eighth term of office, with effect as of June 28th 2012:

Paweł Olechnowicz as President of the Management Board,
Mariusz Machajewski as Vice-President of the Management Board, Chief Financial Officer
Marek Sokołowski as Vice-President of the Management Board, Chief Operation Officer
Maciej Szozda as Vice-President of the Management Board, Chief Commercial Officer
Zbigniew Paszkowicz as Vice-President of the Management Board, Exploration – Production Director.

Paweł Olechnowicz
Paweł Olechnowicz has served as the President of the Management Board since March 12th 2002. In this capacity, he is in charge of, and takes responsibility for, the overall management of the Company’s operations. Mr. Olechnowicz is also acting chairman of the board of directors of LOTOS Exploration & Production Norge AS and president of the management board of AB LOTOS Geonafta.
Paweł Olechnowicz graduated from the Faculty of Technology and Mechanisation of Foundry Engineering of the AGH University of Science and Technology in Kraków. He also holds a post-graduate diploma from the Gdańsk University of Technology (Organisation, Economics and Management of Industry) and an MBA degree from INSEAD in Fontainebleau, France. He has completed a number of professional courses in management both in Poland and abroad.
In 1977, he started his professional career at Zakłady Mechaniczne Zamech of Elbląg (from 1990 – ABB Zamech Sp. z o.o.). In 1990-1996, he was President of the Management Board and CEO of ABB Zamech Ltd. Subsequently, for two years Paweł Olechnowicz worked at the head office of ABB Ltd in Zurich, Switzerland, as Vice-President for Central and Eastern Europe. In 1999-2000, Mr Olechnowicz served as Vice-President and Deputy CEO of ZML Kęty S.A., and from 2001 he ran his own consulting firm Paweł Olechnowicz – Consulting.
Mr Olechnowicz is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register and is not engaged in any activities competitive with the Issuer’s business. He is neither a partner in any partnership under civil law or another partnership engaged in activities competitive with Grupa LOTOS S.A.'s business, nor a member of governing bodies of incorporated companies or other legal entities engaged in activities competitive with the Company's business.

Mariusz Machajewski
Mariusz Machajewski has served as Vice-President of the Management Board since April 19th 2006. In charge of the overall management of the Company’s economic, financial and accounting functions, as well as the assets and restructuring processes. Mr Machajewski is also chairman of the supervisory board of RC Ekoenergia Sp. z o.o. and deputy chairman of the supervisory board of LOTOS Paliwa Sp. z o.o.
He graduated from the Faculty of Economics of the University of Gdańsk and has completed a number of specialist courses in leadership, management and economics, both in Poland and abroad.
In 1994-1997, he worked at Stocznia Gdynia S.A. In 1997, he joined Rafineria Gdańska S.A. (currently: Grupa LOTOS) and in 1999 he was put in charge of the Company’s controlling functions. Since mid-2002, he has held the position of Chief Financial Officer. In the period April 2005 - June 2006, he served as the Company’s Commercial Proxy.
Mr Machajewski is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register and is not engaged in any activities competitive with the Issuer’s business. He is neither a partner in any partnership under civil law or another partnership engaged in activities competitive with Grupa LOTOS S.A.'s business, nor a member of governing bodies of incorporated companies or other legal entities engaged in activities competitive with the Company's business.

Marek Sokołowski                                                                        

Marek Sokołowski has served as Vice-President of the Management Board since April 19th 2002. He is in charge of, and takes responsibility for, the overall production and technical management, technology development (including health, safety and environmental management), and capex programmes (projects oriented towards technical and technological advancement).
Marek Sokołowski graduated from the Faculty of Electrical Engineering of the Gdańsk University of Technology. He also completed a postgraduate programme in industrial investment and a number of specialist courses in management, both in Poland and abroad.
In 1973, Marek Sokołowski joined Rafineria Gdańska S.A. (currently: Grupa LOTOS), where in 1990 he became Technical Director and Member of the Management Board. For three consecutive terms in office, his chief responsibility was the refinery’s plant engineering and execution of investment projects. In 1996–2000, he was in charge of an investment programme involving the refinery’s expansion and technical upgrade.
In mid-2000, he was appointed Chief of Technical Service and the Company’s Commercial Proxy. In 2004-2011, as Vice-President of the Management Board, Chief Operation Officer, he was in charge of the refinery expansion project (the 10+ Programme). He is also chairman of the supervisory boards of LOTOS Czechowice S.A. and LOTOS Biopaliwa Sp. z o.o.
Mr Sokołowski is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register and is not engaged in any activities competitive with the Issuer’s business. He is neither a partner in any partnership under civil law or another partnership engaged in activities competitive with Grupa LOTOS S.A.'s business, nor a member of governing bodies of incorporated companies or other legal entities engaged in activities competitive with the Company's business.

Maciej Szozda
Maciej Szozda has served as Vice-President of the Management Board since July 1st 2009. In charge of the overall management of marketing, supply and distribution processes at the LOTOS Group. Also responsible for oversight of companies allocated to the Group’s marketing segment.
Maciej Szozda graduated from the Warsaw School of Economics (Faculty of Economics).
In 1980, he joined PHZ Labimex. In 1983-1984, he was Managing Director at KMW Engineering. Then, until 1986, he worked in the US as Contract Manager. In 1986, he joined Przedsiębiorstwo Zagraniczne Ipaco, where he held the position of Director; in 1987-1989 he was Export Manager for Sinexim Gmbh of West Berlin. Starting from 1989, he operated as a sole trader, executing mandates for Easey Garments UK Ltd. (Easy Jeans) as Head of its Representative Office for Poland and the CIS countries. In 2002, he joined PKN Orlen S.A., where he served (in chronological order) as Director of the Office of Planning and Development of Retail Network, Director of the Office of Development of Retail Network – Europe, and Retail Sales Executive Director. From October 2008 to February 2009, Maciej Szozda was Member of the Supervisory Board of Orlen Deutschland AG. From 2007 to March 2009, he served as Member and then President of the Management Board of AB VENTUS NAFTA of Vilnius, a company of the ORLEN Group. He is chairman of the supervisory board of LOTOS Paliwa Sp. z o.o. and deputy chairman of the supervisory board of LOTOS Biopaliwa Sp. z o.o.
Mr Szozda is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register and is not engaged in any activities competitive with the Issuer’s business. He is neither a partner in any partnership under civil law or another partnership engaged in activities competitive with Grupa LOTOS S.A.'s business, nor a member of governing bodies of incorporated companies or other legal entities engaged in activities competitive with the Company's business.

Zbigniew Paszkowicz
In 1989, Mr Paszkowicz graduated in mechanics from the Ship Research Institute at the Gdańsk University of Technology. He is a graduate of Ecole Nationale Superievre du Petrole et des Moteurs with an engineering degree from the Centre for IC Engines and Hydrocarbon Utilizations. In 1992, Mr Paszkowicz joined Rafineria Gdańska as a specialist in the Maintenance Planning and Preparation Department. In 2002-2004, he was Head of the Operation Maintenance Unit. In 2004, Mr Paszkowicz was appointed Technical Director of Grupa LOTOS S.A. and in 2007 – Refinery Expansion Programme Director, directly responsible for the implementation of the 10+ Programme, the largest industrial investment project in Poland in the last decade. Since April 2011, Mr Paszkowicz has served as Deputy CEO of Grupa LOTOS S.A. He is also chairman of the supervisory board of LOTOS Petrobaltic S.A
Mr Paszkowicz is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register and is not engaged in any activities competitive with the Issuer’s business. He is neither a partner in any partnership under civil law or another partnership engaged in activities competitive with Grupa LOTOS S.A.'s business, nor a member of governing bodies of incorporated companies or other legal entities engaged in activities competitive with the Company's business.

The legal basis for the publication of this Current Report is Par. 5.1.22 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-Member state, dated February 19th 2009.