Legal grounds:
Paragraph 5.1.22 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state
The report:
The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO Bank Polski SA” or the “Bank”) hereby informs that on 26 September 2012 the Supervisory Board of PKO Bank Polski SA appointed Mr. Piotr Mazur for the position of the Vice-President of the Bank’s Management Board responsible for the risk and debt collection area for the joint term of office of the Bank’s Management Board which commenced on the 30 July 2011; the appointment shall be effective as of the 1 January 2013 under the condition that the relevant consent of the Polish Financial Supervision Authority (“PFSA”) is granted not later than on this day, if the PFSA consent is not granted until 1 January 2013 the appointment shall be effective as of the date of this consent.
Below the Bank presents information about the appointed member of the Management Board:
Piotr Mazur
46 years old, M. Sc. in economics. He studied at the Academy of Economics in Wrocław, on the Faculty of Management and Computer Science, specialization of Organization and Management.
He has over twenty-year experience at work in banking area, including 14 years on managerial positions – mainly in areas of the risk, the restructuring and credit.
He is experienced in the work in the international financial groups operating in Europe, the USA and the South America. The member of supervisory boards, committees of creditors, member and a president of crucial credit risk committees. He was involved in building the strategy of Bank Zachodni WBK SA, he was directly responsible for credit risk management, optimization of debt collection and restructuring, he cooperated with supervision authorities in Poland and abroad.
After studies he started his professional career in credit area at Bank BPH.
Since 1992 associated with the Bank Zachodni SA and next - after the merger – with the Bank Zachodni WBK SA (at first as a specialist and after as a head of section in Capital Investments Department, next as a Director of Credit Quality Controlling Department). In the years 2005 – 2008 he was the Director of Business Intelligence and Risk Management Area, and in the years 2008 – 2010 was the Deputy Chief Risk Officer. Since January 2011 he is the Chief Credit Officer and since march 2012 also he is the Deputy Chief Risk Officer. He is the President of Credit Committee in BZ WBK. He is also the supervisory boards member of: BZ WBK Factor Sp. z o.o., BZ WBK Leasing SA, BZ WBK Finanse Sp. z o.o. He is also the Deputy President of Credit Risk Forum and Deputy President of Risk Model Forum.
In connection with his appointment for the position of the Bank’s Management Board member Mr. Piotr Mazur declared that on the day of his appointment:
- he will not conduct any business activity outside of PKO Bank Polski SA competitive to the business of PKO Bank Polski SA, and
- he will not participate in any business competitive in respect of PKO Bank Polski SA as a partner in a partnership, and
– he will not be a member of a governing body of a company competing with PKO Bank Polski SA, and
- he will not be a member of a governing body of any other legal person competing with PKO Bank Polski SA.
Moreover, Mr. Piotr Mazur declared that he is not registered in the Register of Insolvent Debtors.