| The Management Board of Work Service S.A. (hereinafter: the Issuer or the Company) informs that on 13th April 2016 the Supervisory Board of the Issuer, acting pursuant to §17(2) of the Company's Articles of Association and § 14(2)(b) of the Bye-laws of the Supervisory Board, appointed Mr Adam Pawłowicz to perform the duties of Vice-President of the Management Board of Work Service S.A. as of 18 April 2016. In fulfilling the obligations arising from § 28 of the Regulation of the Minister of Finance of 19th February 2009 on current and periodical information (...) the Management Board of Work Service S.A. provides as follows. Mr Adam Pawłowicz – Vice-President of the Management Board Adam Pawłowicz is a manager with many years of experience in corporate management, financial and operational restructuring, mergers and acquisitions and post-merger integration. He managed large companies and capital groups, including publicly listed companies. He also has an extensive experience in marketing and sales, in particular in B2B services. In the years 2008-2014 he worked for a private equity fund (Societe Generale, later Amundi and V4C), as a CEO of the portfolio companies acquired by the fund in the security industry: Scorpion and Konsalnet. As president of Konsalnet he completed number of capital transactions, including the largest in the industry - acquisition of G4S Poland, a Polish subsidiary of the global leader in the security industry. As a result, he led the largest group in security business in Poland employing nearly 25 000 people. Previously, as a CEO of RUCH SA (2006-2008) he successfully completed the IPO of the company raising some 250 mn PLN from the investors on Warsaw Stock Exchange. In 2002-2006 he was Marketing and Business Development Director at the law firm White & Case. In 1999-2001, he served as a President of the Polish Agency for Foreign Investment (PAIiIZ). In that capacity he was responsible for the Polish exhibition at EXPO 2000 in Hannover. He is currently a partner in the advisory firm Saski Partners, which specializes in M&A and Corporate Finance consulting. Before he became a manager he had for many years worked as a TV and press journalist and as teacher at the Gdansk University. As a journalist he had interviewed leading Polish politicians. He is an author of several documentaries. Adam Pawłowicz is a graduate of Polish Philology at the Jagiellonian University in Kraków. He has completed postgraduate studies in economics and management at Warsaw School of Economics (SGH) and obtained MBA diploma at the University of Calgary in Canada. He completed the Advanced Management Program at the IESE Business School. He was a participant of scholarship programs funded by German Marshal Fund and the American Jewish Community. Adam Pawłowicz is a member of the supervisory boards of Asseco Business Solutions, Work Service International and Chairman of the Supervisory Board of the Gdansk Economic Development Agency (GARG). In the past, he was a member of the supervisory boards of TVP, PKN Orlen, and Chemia Polska. Mr Adam Pawłowicz declares 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 Adam Pawłowicz: 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). 5.does not perform the function or hold the position as referred to in Article 1 and Article 2 of the Act of 21st August 1997 on the reduction of economic activity by the people who perform public functions; 6.has no associations with the company shareholders owning shares that represent not less than 5 % of votes at the general meeting of the Company. 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. of 2009, No. 185, item 1439, as amended) 2.§ 5 (1)(22) and § 28 of the Regulation of the Minister of Finance of 19 February 2009 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. | |
