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Polish state-run utility Energa sack CEO -statement

Published 2015-12-07, 06:31 a/m
Polish state-run utility Energa sack CEO -statement
ENGP
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WARSAW, Dec 7 (Reuters) - The supervisory board at Poland's
fourth biggest power firm Energa ENGP.WA fired the company's
chief executive Andrzej Tersa, Energa said in a statement on
Monday.
Energa's supervisory board appointed Roman Pionkowski as the
company's acting CEO.
The change adds to a string of resignations at
state-controlled companies following the conservative Law and
Justice (PiS) party's victory in October's election. Energa,
like other state-run firms, is prone to any political changes.
Tersa was appointed Energa's CEO in April this year and
analysts say he was too short on the post to introduce
significant changes that could be assessed by the market.
He replaced Miroslaw Bielinski, who had been the company's
head since 2008 and was reputable on the market. The sudden
change, which then resulted in a slump in Energa's shares, was
also political. ID:nL5N0XQ432

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