A great change in PZU. Business Insider Polska information has been confirmed. Appeal president
Read more: Application for dismissal of the President of PZU. What will happen to Andrzej Klesyk?
According to Business Insider Polska sources The PZU Supervisory Board voted a request for a representative of the Minister of State Asset to dismiss Andrzej Klesyk from the position of the President of PZU. The sources of Business Insider Polska have passed on one voice of opposition and one abstaining.
The new minister changes the president of the state company
“Today, the Supervisory Board has decided to dismiss Mr. Andrzej Klesyk from the function of the President of the Management Board of PZU. The application for appeal was justified by the need to ensure compliance of the company's management policy with ownership purposes and the need for effective implementation of an ambitious development strategy during the period of significant challenges for the insurance sector. Efficient implementation of this strategy requires clear management decisions and effective dialogue with shareholders and employees, “answered the press office of the Ministry of State Asset.
Andrzej Klesyk's appeal is a big surprise. The more that he is next to Cezary Stypułkowski (president of Bank Pekao) the originator of a great transaction regarding these two companies: Pekao is to take over PZU by making “roles” (currently PZU is controlling the bank) to achieve a large capital surplus. Andrzej Klesyk and Cezary Stypułkowski talked about the goals and justification of this operation in a recent interview with Business Insider.
Although it is worth recalling that as part of the government's reconstruction, the head of the Ministry of State Asset has changed. He became a new minister Wojciech Balczunreplacing Jakub Jaworowski. Changing MAP management is always a sensitive moment for managers of companies controlled by the State Treasury.
Second change in the position of the President of PZU
Andrzej Klesyk was one of the shortest incumbent presidents of state -owned companies under the “Coalition on October 15”. He was appointed for this position at the end of February 2025.being delegated from the supervisory board, to which he joined in January. Klesyk replaced the dismissed At the end of January Artur Olech (about the same time Jarosław Mastalerz lost the position of the head of PZU life). It wasn't until July 2 that the manager got the consent of the Polish Financial Supervision Authority to form the position of President of PZU.
Andrzej Klesyk is a graduate of the Catholic University of Lublin, the Faculty of Social Sciences in the field of Economics. It also has an MBA title obtained at Harvard Business School.
From April 1990 to January 1991, he worked as an advisor to a minister at the Ministry of Propylaws, from January to August 1991 as a researcher at Kidder, Peabody Company, Coopers & Lybrand in New York, USA, and from October 1993 to February 2000 as a senior engagement manager in London's department Company. Later he became the president of the board of Inteligo Financial Services SA, a partner and managing director of The Boston Consulting Group in Warsaw, and from December 2007 to December 2015 he was the president of PZU. From 2020, he has been a managing partner at Cornestone Partners sp. Z oo, as well as a member of the PZU supervisory board.
Historical record of PZU ratings
Reports of staff changes at the PZU summit did not interfere with the notification of the insurer's action, which – Using the acceleration of the bull market on the WSE (WIG set a new record, and WIG20 was at most for 17 years) – They were expensive at the end of the Thursday session by 3.5 percent and at one point PLN 65.84 per item was paid, which is a new record of all time.
WIG20, which includes the insurer, at that time gained about 1.9 percent. From the beginning of the year, PZU shares have increased by 43.5 percent. Compared to the WIG20 increase by 36.4 percent
In a month and a half (September 25) there will be a dividend day in PZU, and the payment will fall on October 16. The financial giant will pay Almost PLN 3.86 billion, shareholders will receive PLN 4.47 for each share.
