| Regulatory announcement no 91/2017 dated 30 June 2017 PKN ORLEN Supervisory Board new members
PKN ORLEN S.A. ("PKN ORLEN", “Company”) announces that the PKN ORLEN S.A. Ordinary General Meeting of Shareholders on 30 June 2017 appointed to the Supervisory Board Ms Izabela Felczak-Poturnicka and Mr Wojciech Kryński.
Ms Izabela Felczak-Poturnicka Ms Felczak-Poturnicka graduated from the Faculty of International Trade and the Faculty of Global Economics of the Łazarski University in Warsaw and holds a PhD studies in Management and Finance at the Warsaw School of Economics. She also completed post-graduate studies in company valuation methods at the Warsaw School of Economics. Since 2005, she is a member of the Center of Information and Organization of Research on Public Finances and Tax Law in the Countries of Central and Eastern Europe by the Department of Law of the University of Białystok. She is also an author and a co-author of science publications in economics. Ms Felczak-Poturnicka is a certified internal auditor of ISO 9001 quality management systems. Currently, she is a Minister’s Councilor coordinating the work of the Ownership Policy Team at the Ministry of Energy. From 2005 to 2016 she had held different positions at the Ministry of Treasury. In 2016 she performed the duties of the President of the Management Board of Polski Holding Nieruchomości S.A. She is currently the President of the Supervisory Board of Polski Holding Nieruchomości S.A. As a State Treasury representative, she has been a Member of the Supervisory Boards of Jastrzębska Spółka Węglowa S.A, ZEW Niedzica S.A., MERAZET S.A., Z.Ch. ZACHEM S.A. and MERITUM BANK ICB S.A. Ms. Felczak-Poturnicka has an extensive experience in ownership supervision over strategic companies. She participated in performing many transactions on the capital market, including the IPOs of GPW S.A., JSW S.A., PZU S.A. at the Warsaw Stock Exchange. She has an experience in financial audit, implementation of restructuring programs and assessment of the effectiveness of investment projects in companies.
Mr Wojciech Kryński One of the founders and a partner at Ground Frost. Wojciech Kryński has many years of experience in the application of international and American accounting principles. He has been related with international accounting since 1998. He led numerous projects in Poland, Ukraine, Croatia, Greece, Romania, Ghana and Nigeria. In the past, he worked in the international auditing company and in the financial departments of international companies. At Ground Frost Mr Wojciech Kryński coordinates consulting in accounting according to the IFRS and US GAAP, financial modeling, and relationships with key clients. On daily basis Mr Kryński deals with business valuations, estimation of fair value of intangible assets, share-based payments and financial instruments. He participated in advisory projects aimed at creating accounting structures and accounting procedures for hedge accounting in Polish and Romanian companies. He is responsible for formulating of the accounting policies of listed companies and also participates in preparation of agreements that are later reflected in accounting. Mr Wojciech Kryński also participates in the transactions of mergers and acquisitions, in which he overviews valuations, the processes of due diligence and preparation of share purchase agreements (SPA). He is a regular advisor to many listed companies. Wojciech Kryński graduated from the University of Lodz, Finance and Banking, as well as post-graduate studies in Accounting and Financial Management (University of Lodz),) and holds a certificate of ACCA (Association of Chartered Certified Accountants). Mr Kryński submitted a statement regarding fulfilment of criteria for an independent member of the Supervisory Board.
The elected members of the Supervisory Board submitted statements that they are not involved in any activity competitive with PKN ORLEN and are not partners of any competitive company. They are not members of any board of a competitive capital company.
The elected members of the Supervisory Board submitted also statements that they are not on the list of insolvent debtors kept on record on the National Court Register Act.
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