WARSAW: Poland’s largest bank by asset PKO BP supervisory board will discuss management changes on Wednesday, but those need not affect CEO Zbigniew Jagiello, a person close to the bank told PAP Polish news agency.
“The changes need not necessarily affect the CEO,” the person said. “As I see, we will not know until the dust settles after tomorrow’s sitting, which starts roughly at noon.” Tuesday morning saw a report by the daily Puls Biznesu that bank Jagiello might be given the axe Wednesday, when bank’s supervisory board meets. Puls Biznesu wrote that Jagiello might be replaced by Lucyna Stanczak-Wuczynska, EBRD’s director for financial institutions. upon the motion of the Treasury Ministry.
Sacking of the CEO several weeks ahead of elections is surprising, especially that opposition party Law and Justice (PiS), in the event of its rather likely election win, will likely replace any incumbent PKO BP CEO anyway, the daily wrote.
