Appointment of President of the Grupa LOTOS Management Board
Report no. 3/2020 2020-01-30

Following the completion of the recruitment procedure for the position of President of the Management Board of Grupa LOTOS S.A. (the “Company”) of the 10th joint term of office, the Company announces that on January 30th 2020 its Supervisory Board appointed Mr. Paweł Jan Majewski as President of the Management Board of the 10th joint term of office, with effect from February 3rd 2020.

Paweł Jan Majewski holds a Master's degree in law from the Jagiellonian University of Kraków and is a graduate of the Executive Master of Business Administration (MBA) programme offered jointly by London-based Apsley Business School and Warsaw Management University.

He began his professional career in 2002 as an in-house lawyer with KGZ S.A. and later worked in the same capacity at Żywiec Trade Sp. z o.o. and Capital Projects Sp. z o.o. to eventually head the Legal Department of Intacto Centrum Windykacji Sp. z o.o.

He is a highly experienced manager, having held managerial positions at various companies, including PETROLOT Sp. z o.o. (currently renamed ORLEN Aviation Sp. z o.o.) and PGNiG TERMIKA S.A., where he headed the Variable Margin and Production Management Division.

He further honed his managerial skills as Member of the Management Board of DO & CO POLAND Sp. z o.o., Vice President of the Management Board of HUTA STALOWA WOLA S.A., and President of the Management Board of AIRPORT CLEANING SERVICE Sp. z o.o. He also served as Chairperson of the Supervisory Board of LOTNICZY CATERING SERVICE Sp. z o.o. and sat on the Supervisory Boards of JELCZ Sp. z o.o. and ZEM ŁABĘDY Sp. z o.o. as their member.

Mr. Paweł Jan Majewski has submitted a representation to the effect that he has not been entered in the Register of Insolvent Debtors maintained under the Act on the National Court Register, he is not involved in any activity competing with Grupa LOTOS S.A.’s business, neither is he a partner in any partnerships, or member of corporate bodies of any corporations, or member of governing bodies of any other legal entities competing with Grupa LOTOS S.A.

This current report is published pursuant to Par. 5.5 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 March 29th 2018.