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New shareholders overhaul Pekao's supervisory board

The new shareholders of Bank Pekao SA have replaced the entire supervisory board of the lender, appointing nine new members, news agency PAP reported June 8.

The shareholders dismissed Chairman Jerzy Woznicki, as well as members Leszek Pawlowicz, Dariusz Filar and Katarzyna Majchrzak, while members Gianni Papa, Massimiliano Fossati, Laura Stefania Penna and Doris Tomanek resigned at their own initiative.

The newly appointed supervisory board includes Pawel Surówka, the CEO of PZU SA, which together with Polish development fund PFR recently completed the purchase of a 32.8% stake in the bank, as well as Pawel Stopczynski, Grzegorz Janas, Michal Kaszynski, Justyna Glebikowska-Michalak, Joanna Blaszczyk, Stanislaw Kaczoruk, Sabina Bigos-Jaworowska and Marian Majcher.