| The Management Board of Work Service S.A. (hereinafter: the Issuer or the Company) informs that on 23th May 2018 the Supervisory Board of the Issuer, acting pursuant to §16(2) (b) of the Company's Articles of Association and § 14(2)(b) of the Bye-laws of the Supervisory Board, appointed: 1. Mr Maciej Witucki to perform the duties of President of the Management Board of Work Service S.A. for a new term. Mr Maciej Witucki assumed the position of the President of the Management Board of Work Service S.A. in January 2016. He has an extensive professional experience in the area of management of international enterprises and public companies. In the years 2006-2013 he served as the president of Orange Polska (formerly TP), and since September 2013 he has been the chairman of the supervisory board of this company. Earlier, in 2002-2006 he held the position of a member of the management board, and later the president of Lukas Bank. In the years 1997-1998, in France, he managed the setting up for the project of commencement of Cetelem’s activity in Poland, and from 1998 to 2001 he was a member of the management board in Cetelem Polska. In July 2015 became a member of the supervisory board of TVN. Graduate of Poznan University of Technology and postgraduate studies in the field of logistics and industrial engineering in Ecole Centrale Paris in France. Completed Advanced Management Programme in INSEAD, France. Mr Maciej Witucki declared that he does not know any circumstances that his appointment as a member of the Management Board of Work Service S.A. would violate the law or the Company's Articles of Association. In particular, Mr Maciej Witucki: 1) has full legal capacity; 2) has not been penalized for the offences referred to in the provisions of Chapters XXXIII - XXXVII of the Penal Code and Articles 585, 587, 590, 591 of the Commercial Companies Code; 3) is not involved in activities competitive to the Company as well as he does not participate in a competing company as partner of a civil law partnership or a partnership or as a member of a competitive body of a capital company or member of the governing body of any competitive legal person; 4) is not entered in the Register of Insolvent Debtors maintained pursuant to the provisions of the Act of 20th August 1997 of the National Court Register (consolidated text: Dz.U. z 2017 r. poz. 700 as amended). 2. Mr Paul Christodoulou to perform the duties of Vice-president of the Management Board of Work Service S.A. for a new term. Mr Paul Christodoulou is a holder of a MBA in Finance from New York University, Stern School of Business, a Juris Doctorate from Fordham School of Law, and a Bachelor of Science from Rensselaer Polytechnic Institute. He is admitted to practice law before the Court of International Trade and the International Trade Administration as well in several federal and state jurisdictions in the USA. He began his career as an associate with JP Morgan Securities in New York, gaining valuable experience in Mergers and Acquisitions as well Securitizations, and option pricing models. His background in international law enabled him to join American Express General Counsel’s office where he specialized in JV contracts, asset securitization, franchising and licensing. At Dewey Ballantine LLP, one of the world largest international law firms, his duties as an International Trade Attorney provided him with valuable experience with complex foreign trade issues, including the dumping of subsidized steel by producers from Russia, Korea, Taiwan, Spain, France,and Italy. In 2003, the US Russia Investment Fund, Delta Capital, assigned him the task of applying his international law expertise to conduct due diligence of several FMCG, logistics and warehousing companies in Russia. He enjoys a hard-won international reputation as a successful business turnaround expert. His skills have enabled dozens of troubled companies to surmount shrinking markets, employee, customer and supplier desertion, bankruptcy, tax and regulatory challenges, to transform themselves into models of efficiency and profitability. These turnarounds have occurred within vastly differing cultural and business environments ranging from Russia and Eastern Europe to the United States. He is co-founder and President of ProLogics Group of companies, specializing in logistics and transportation in the Russian Federation, where he currently resides. Mr Paul Christodoulou declared that he does not know any circumstances that his appointment as a member of the Management Board of Work Service S.A. would violate the law or the Company's Articles of Association. In particular, Mr Paul Christodoulou: 1) has full legal capacity; 2) has not been penalized for the offences referred to in the provisions of Chapters XXXIII - XXXVII of the Penal Code and Articles 585, 587, 590, 591 of the Commercial Companies Code; 3) is not involved in activities competitive to the Company as well as he does not participate in a competing company as partner of a civil law partnership or a partnership or as a member of a competitive body of a capital company or member of the governing body of any competitive legal person; 4) is not entered in the Register of Insolvent Debtors maintained pursuant to the provisions of the Act of 20th August 1997 of the National Court Register (consolidated text: Dz.U. z 2017 r. poz. 700 as amended). 3. Mrs Iwona Szmitkowska to perform the duties of Vice-president of the Management Board of Work Service S.A. for a new term. Mrs Iwona Szmitkowska in 2016 and 2017 was a awarded by Staffing Industry Analysts as one of the 100 most influential women in the global HR sector. She has completed French-Polish postgraduate management studies at the University of Poznań and Rennes (2003) and Technical-Agricultural Academy in Bydgoszcz, Marketing and Management, with a specialty in Marketing and Management in Economic Organization (2001). She also graduated from Naval Academy in Gdynia, (Management and Marketing, Business Management; 2001) and studied Classical Philology at the Mikołaj Kopernik University in Toruń. She gained professional experience at the Work Service as a Customer Service Department Director (from the 15th of April 2008 to October 2010 ) and Regional Director (from the 1st of September 2005 to April 2008), she also managed the Work Service branch in Bydgoszcz (from the 1st of September 2003 to 31st of August 2005). Before, she conducted economic activity in the field of promotion and marketing (from 1997 to 2003), she worked as a journalist and the editor-in-chef at the „Pomoże” radio in Bydgoszcz (1993 – 1995), and as a promotion specialist at Pomorska Newspaper (1995 – 1996). Currently, she has been the Director of the Customer Service Branch at Work Service since the 1st of October 2010 and she conducts economic activity of her own: Agencja Promocyjna (Promotion Agency) Iwona Szmitkowska. She was the Work Service’s agent from the 14th of July 2008 to the 1st of October 2014. Since the 4th of March 2014, she has been the President of the Work Service Foundation and since the 2nd of January, she has been the Vice-President of the company under the name Krajowe Centrum Pracy Sp. z o.o. Mrs Iwona Szmitkowska declared that she does not know any circumstances that his appointment as a member of the Management Board of Work Service S.A. would violate the law or the Company's Articles of Association. In particular, Mrs Iwona Szmitkowska: 1) has full legal capacity; 2) has not been penalized for the offences referred to in the provisions of Chapters XXXIII - XXXVII of the Penal Code and Articles 585, 587, 590, 591 of the Commercial Companies Code; 3) is not involved in activities competitive to the Company as well as she does not participate in a competing company as partner of a civil law partnership or a partnership or as a member of a competitive body of a capital company or member of the governing body of any competitive legal person; 4) is not entered in the Register of Insolvent Debtors maintained pursuant to the provisions of the Act of 20th August 1997 of the National Court Register (consolidated text: Dz.U. z 2017 r. poz. 700, as amended). 4. Mr Tomasz Ślęzak to perform the duties of Vice-president of the Management Board of Work Service S.A. for a new term. Mr Tomasz Ślęzak has many years of experience in business activity on European markets. He spent first 9 years of professional career in Procter&Gamble, where was initially responsible for sales support and cooperation with key customers. After becoming Strategy and Marketing Planning Manager for Central Europe, Africa and Middle East (CEEMEA), he introduced new product strategies into the supervised markets. After returning to Poland, he took up the position of commercial marketing Manager for Gilette. From December 2010, Tomasz Ślęzak headed the Sales Division in a Polish branch – DB Schenker. As Sales Director he represented the company in European Sales Steering Team. Moreover, from March 2009 to end of 2011 he served as the Vice President of the Management Board of Metromedia Polska, an advertising company which specialises in mobile advertising media. In May 2013, he was appointed as Vice President of the Management Board of Work Service S.A. Currently Tomasz Ślęzak is responsible for supervision over activity of the Group’s foreign companies in Central and Eastern Europe. At the same time, he is responsible for leading international sales processes and coordination of work as part of corporate marketing. Graduate of Wrocław University of Economics, specialised in marketing and management. Since 2014 he has been a lecturer of sales management postgraduate studies in Warsaw School of Economics. For his professional achievement Tomasz Ślęzak was awarded Brand Building Golden Award. Mr Tomasz Ślęzak declared that he does not know any circumstances that his appointment as a member of the Management Board of Work Service S.A. would violate the law or the Company's Articles of Association. In particular, Mr Tomasz Ślęzak: 1) has full legal capacity; 2) has not been penalized for the offences referred to in the provisions of Chapters XXXIII - XXXVII of the Penal Code and Articles 585, 587, 590, 591 of the Commercial Companies Code; 3) is not involved in activities competitive to the Company as well as he does not participate in a competing company as partner of a civil law partnership or a partnership or as a member of a competitive body of a capital company or member of the governing body of any competitive legal person; 4) is not entered in the Register of Insolvent Debtors maintained pursuant to the provisions of the Act of 20th August 1997 of the National Court Register (consolidated text: Dz.U. z 2017 r. poz. 700 as amended). 5. Mr Piotr Ambrozowicz to perform the duties of Vice-president of the Management Board of Work Service S.A. Mr. Piotr Ambrozowicz graduated from the Faculty of Computer Science and Management at Wrocław University of Science and Technology (1996), and from the Faculty of Management and Computers Science at Wrocław University of Economics (1999); he holds a PhD degree in Economic Sciences. He has gained his experience as, among others, the Vice President of the Management Board of Work Service S.A. (2010-2014), Controlling Director of Fagor Group (Spain), Financial Director of FagorMastercook (2006-2010), Financial Director and Management Board Member of Zetkama FAP (2004-2006), Financial Director of Skanska Hydrotest Branch and Management Board Member of Skanska Hydrotest (2002-2004), Financial Director of Telefonia Dialog S.A. (2000-2002). From 2014, Mr Piotr Ambrozowicz was the CEO of CEE OTTO Poland, a member of OTTO Work Force BV – the leader in the European market of international employment exchange services. Moreover, he has or still holds managerial and supervisory positions in the following companies: Industry Personnel Services Sp. z o. o., Finance Care Sp. z o. o., Sellpro sp. z o. o., Energy Sp. z o. o., Work Service Slovakia s.r.o., Work Service Outsourcing Slovakia s.r.o., Medi Staff Sp. z o. o., Work Service IP Cypr Ltd., IT Kontrakt Sp. z o.o., Sellpro Sp. z o.o., Finance Care Sp. z o. o., Exact Systems Sp. z o. o., People Care Sp. z o.o., OTTO Slovensko s.r.o., OTTO Czech s.r.o., and OTTO Workforce Hungary Kft. From August 2015 to 30 January 2018, he held the position of Vice President of the Management Board in OT Logistics Group. Mr Piotr Ambrozowicz declared that he does not know any circumstances that his appointment as a member of the Management Board of Work Service S.A. would violate the law or the Company's Articles of Association. In particular, Mr Piotr Ambrozowicz: 1) has full legal capacity; 2) has not been penalized for the offences referred to in the provisions of Chapters XXXIII - XXXVII of the Penal Code and Articles 585, 587, 590, 591 of the Commercial Companies Code; 3) is not involved in activities competitive to the Company as well as he does not participate in a competing company as partner of a civil law partnership or a partnership or as a member of a competitive body of a capital company or member of the governing body of any competitive legal person; 4) is not entered in the Register of Insolvent Debtors maintained pursuant to the provisions of the Act of 20th August 1997 of the National Court Register (consolidated text: Dz.U. of 2007, No. 168 item 1186, as amended). Legal basis: 1. Article 56(1)(2) of the Act on public offering and conditions for introducing financial instruments into organized trading system and on public companies (Dz.U. z 2018 r. poz. 512, as amended) 2. § 5 point 5 and § 10 of the Regulation of the Minister of Finance of 29 March 2018 regarding the current and periodic information given by the issuers of securities and the conditions for regarding as equivalent of the information required by law of a country which is not a Member State. (Dz.U. z 2018 r. poz. 757) Signatures: Iwona Szmitkowska – Vice President of the Management Board Tomasz Ślęzak – Vice President of the Management Board | |
