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Appointment of Grupa LOTOS Management Board of 11th term of office
Report no. 18/2021 2021-05-27

Following completion of the selection process for the positions of President of the Management Board and Vice Presidents of the Management Board of Grupa LOTOS S.A. ("Company") of the 11th joint term of office, the Company announces that on May 27th 2021 the Supervisory Board of the Company shortened the 10th term of office of the Management Board by removing its existing Members, i.e. Zofia Paryła, Krzysztof Nowicki, Jarosław Wittstock, Jarosław Wróbel and Piotr Walczak, and appointing, with effect from May 28th 2021, to the Management Board of the 11th joint term of office the following persons:

Members of Grupa LOTOS S.A. Management Board of the 11th term of office:
Ms Zofia Paryła - President of the Management Board
Mr Krzysztof Nowicki - Vice President of the Management Board, Mergers and Acquisitions
Mr Piotr Walczak - Vice President of the Management Board, Chief Refining & Marketing Officer
Mr Jarosław Wittstock - Vice President of the Management Board, Corporate Affairs
Mr Jarosław Wróbel - Vice President of the Management Board, Chief Investment and Innovation Officer

Zofia Paryła - President of the Management Board of Grupa LOTOS S.A. of the 10th term from December 7th 2020. Previously, from July 25th 2019, she held the position of Vice President of the Management Board of Grupa LOTOS S.A., Chief Financial Officer. By the Supervisory Board’s decision, she served as President of the Management Board from November 12th 2020 to December 7th 2020. Ms Zofia Maria Paryła is a graduate of the Executive Master of Business Administration (MBA) offered by the Apsley Business School of London and Collegium Humanum, Warsaw Management University. She holds an MA degree from the Cracow University of Economics, having completed accounting studies at the Management Department. Ms Paryła started her professional career in 1985, at Krajowa Państwowa Komunikacja Samochodowa (public transport company) of Kraków. In 1997–2017, she worked in private sector, including as Chief Accountant in 2010–2017. Then, for two years, Ms Paryła served as Vice President of the Management Board at Energa Centrum Usług Wspólnych Sp. z o.o. Ms Paryła holds numerous certificates confirming her management and accounting skills, as well as a certificate confirming completion of training for candidates for members of supervisory bodies of state-owned companies. Ms Paryła speaks English and Russian.

Krzysztof Nowicki - Vice President of the Management Board of Grupa LOTOS S.A. of the 10th term from January 26th 2021. He is responsible for Mergers and Acquisitions. Mr Krzysztof Nowicki is a graduate of the Faculty of Law and Administration of the Adam Mickiewicz University of Poznań. He has also completed postgraduate studies in company law at the University of Łódź. He holds the professional title of legal counsel. He was awarded MANAGER AWARD 2018. Mr Nowicki was the founder of and partner in a law firm specialising in labour, civil and administrative law. In 2010, he became Head of the Legal Department of PGE Górnictwo i Energetyka Konwencjonalna of Bełchatów, and then Vice President of the Management Board for Corporate Affairs and Asset Management. He was also Chairman of the GKS Bełchatów football club. In 2016, he was appointed President of the LOTOS Oil Sp. z o.o. Management Board. In 2018-2020, he additionally served as Head of Corporate Affairs at Grupa LOTOS S.A. Since 2020, has been Head of Strategy and Investors Relations at Grupa LOTOS S.A. and Chairman of the Supervisory Boards of LOTOS Asfalt, LOTOS Infrastruktura, and RCEkoenergia. He acts in an advisory capacity for the purposes of important investment projects and organisation development.

Piotr Aleksander Walczak - Vice President of the Company’s Management Board of the 10th joint term of office, Chief Refining & Marketing Officer, from September 4th 2020. Mr Piotr Aleksander Walczak is a graduate of the Gdańsk University of Technology. He holds an Executive MBA diploma from the Gdańsk Foundation for Management Development (GFKM). He is a manager with experience in operational, risk and safety culture management within the energy industry, in the area of network infrastructure design and construction. From 1992 to 2007, he was responsible for managing the investment project department, small hydro department and operation/maintenance department at Energa Operator, Olsztyn Branch. From 2007, he was associated with Eltel Networks Energetyka, where in 2012-2017 he served as a Member of the Management Board, Production Organisation, responsible for managing the bidding division, procurement process in the area of supplies and subcontracting, building and managing an order book and active management of relations with state-owned companies to promote Eltel Networks Energetyka’s image as a responsible contractor. Then, until 2020, he was a Member of the Management Board, Managing Director of Eltel Networks Energetyka’s Business Unit in Poland, responsible for defining the organisation’s strategy and development directions, preparation of annual business plans and performance reporting, operational management, organisational culture, safety and quality management, as well as other areas. In 2020, he became Managing Director at Przedsiębiorstwo Badawczo Wdrożeniowe OLMEX (a research and implementation firm), responsible for internal audits, development of effective cost models and performance monitoring tools, creating agile project teams and fostering an open communication culture. He has a working command of English and German.

Jarosław Wittstock - on the Management Board of Grupa LOTOS S.A. of the 10th term as Vice President for Corporate Affairs from September 11th 2018. He graduated from the Faculty of Management of the University of Gdańsk. He is a manager with almost 25 years’ experience in managing teams of several to several thousand employees in Polish and international companies. He has held numerous managerial roles across industries, including banking, leasing (Commercial Director, President of the Management Board), pharmaceutical (Managing Director) and medical (President of the Management Board, Managing Director). He served as Director of the Pomerania Branch of the Agency for Restructuring and Modernisation of Agriculture. He also worked for the Energa Group, initially as Head of the Marketing and Communication Department at Energa S.A., and then as Vice President of the Management Board of Energa Obrót S.A. responsible for corporate governance, wholesale, sales to business customers, and marketing.

Jarosław Wróbel - Chief Investment and Innovation Officer and Vice President of the Management Board of Grupa LOTOS S.A. of the 10th term from March 2nd 2021. He completed a master’s degree programme and doctoral studies at the University of Economics in Katowice. He also completed postgraduate studies designed to advance professional development in electrical engineering, offered by the Warsaw University of Technology’s Faculty of Electrical Engineering. He holds an Executive MBA diploma (from the University of Gdańsk and RMS Erasmus University) and a Post-MBA certificate in Strategic Financial Management (from the University of Gdańsk and SBS Swiss Business School). Since 1992 his career has been involved in the energy sector. From 1993 to 1999 he worked at Elektrociepłownia Będzin S.A., a CHP plant operator where he was responsible for the development and implementation of a restructuring plan, as well as the preparation and implementation of the first privatisation process in the Polish power industry. Since 2002 he has been professionally associated with the PGNiG Group. In 2003–2013 he was Vice President for Economic Affairs at Górnośląska Spółka Gazownictwa Sp. z o.o. (“PSG”), where he was the originator and sponsor of a programme to deploy an Integrated Process Support Platform based on ERP and CIS (Customer Information System) solutions. In 2016–2018 he served as President of the Management Board, and in 2020-2021 he has been Chairman of the Supervisory Board of PSG, which under his leadership developed and implemented a strategic reform package for the Polish gas distribution industry for 2016–2022, called the Gas Sector Constitution. In 2018–2020, as President of the Management Board of ORLEN Południe S.A., he was a co-author and sponsor of a programme to construct a biorefinery on the basis of the Refinery in Trzebinia and Refinery in Jedlicze, being the ORLEN Group’s competence centre in the field of biocomponents and biofuels. From January 10th 2020 to March 1st 2021 he held the positions of Vice President of the Management Board of PGNiG S.A. and member of the Board of Directors of PGNiG Upstream Norway AS. From October 28th to November 12th 2020 he was acting President of the Management Board of PGNiG S.A.

The Management Board Members submitted representations to the effect that they are not entered in the Register of Insolvent Debtors maintained under the Act on the National Court Register, are not involved in any activity competing with Grupa LOTOS S.A.'s business, and are not partners in any partnerships, including partnerships under civil law, or members of corporate bodies of any corporations, or members 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.