Changes of Main Management Rules of GPW and the GPW Group

Changes in the GPW Group structure

No changes were implemented in the GPW Group structure in 2017.

Change of persons sitting on the authorities of GPW Group companies

The change of GPW’s managing persons as well as changes to GPW’s organisational structure are described in section III.10. Exchange Management Board. The section below outlines changes in other companies participating in the GPW Group as at the end of 2017.

BondSpot S.A.

In 2017, the Management Board of BondSpot S.A. consisted of two persons:

  • Agnieszka Gontarek – President of the Management Board,
  • Piotr Woliński – Vice-President of the Management Board.

Towarowa Giełda Energii S.A.

As at 31 December 2017, the Management Board of TGE consisted of two persons:

  • Piotr Zawistowski – President of the Management Board,
  • Paweł Ostrowski – Vice-President of the Management Board.

At the beginning of 2017, the TGE Management Board was comprised of two persons: Paweł Ostrowski as President of the TGE Management Board and Michał Cieciórski as Member of the TGE Supervisory Board temporarily delegated to perform the function of Vice-President of the TGE Management Board by decision of the TGE Supervisory Board of 21 December 2016.

Michał Cieciórski performed the function of Vice-President of the TGE Management Board until 20 March 2017. On 21 March 2017, the TGE Supervisory Board delegated Marek Wodnicki, Member of the TGE Supervisory Board, to temporarily perform the function of Vice-President of the TGE Management Board. He performed the functions until 21 June 2017. From 22 June 2017 to 31 August 2017, Dagmara Gorzelana, Member of the TGE Supervisory Board, temporarily performed the function of Vice-President of the TGE Management Board. On 31 August 2017, Marek Wodnicki was once again delegated by the TGE Supervisory Board to temporarily perform the function of Vice-President of the TGE Management Board.

On 27 October 2017, the TGE Supervisory Board delegated Piotr Zawistowski, Member of the TGE Supervisory Board, to temporarily perform the function of President of the TGE Management Board from 30 October 2017 for a period not longer than three months. Paweł Ostrowski was appointed Vice-President of the TGE Management Board. Marek Moroz was appointed Vice-President of the TGE Management Board subject to the approval of the Polish Financial Supervisory Authority for the change on the TGE Management Board. On 20 December 2017, Marek Moroz resigned as Vice-President of the TGE Management Board before taking office.

On 30 October 2017, the Extraordinary General Meeting of TGE appointed Piotr Zawistowski as President of the TGE Management Board subject to the approval of the Polish Financial Supervisory Authority for the change on the TGE Management Board and his appointment as President of the TGE Management Board. On 21 December 2017, upon the delivery of the approval of the Polish Financial Supervisory Authority, Piotr Zawistowski became President of the TGE Management Board.

On 21 February 2018 the TGE Supervisory Board appointed Piotr Listwoń Vice-President of the TGE Management Board, subject to the approval of the Polish Financial Supervisory Authority for the change on the TGE Management Board. The decision will enter in force upon delivery of the approval of the Polish Financial Supervisory Authority for the change.

IRGiT S.A.

As at 31 December 2017, the Management Board of IRGiT S.A. consisted of two persons:

  • Andrzej Kalinowski – President of the Management Board,
  • Seweryn Szwarocki – Vice-President of the Management Board.

At the beginning of 2017, the IRGiT Management Board was comprised of two persons: Marek Wodnicki as Deputy Chairman of the IRGiT Supervisory Board temporarily delegated to perform the function of President of the IRGiT Management Board and Andrzej Kalinowski as Member of the IRGiT Management Board. Marek Wodnicki performed the function of President of the IRGiT Management Board until 10 February 2017. On 11 February 2017, the IRGiT Supervisory Board appointed Paweł Ostrowski as President of the IRGiT Management Board. On 17 February 2017, Paweł Ostrowski resigned as President of the IRGiT Management Board. On 18 February 2017, the IRGiT Supervisory Board appointed Andrzej Kalinowski as President of the IRGiT Management Board. On 10 April 2017, the IRGiT Supervisory Board appointed Seweryn Szwarocki as Vice-President of the IRGiT Management Board.

InfoEngine S.A.

On 31 December 2016, Adam Simonowicz resigned as President of the InfoEngine Management Board. From 1 January 2017 to 31 March 2017, Krzysztof Ajdukiewicz was delegated by the InfoEngine Supervisory Board to perform the function of President of the InfoEngine Management Board for a period not longer than three months. On 1 April 2017, the InfoEngine Supervisory Board appointed Przemysław Zalewski as President of the InfoEngine Management Board of a new term of office.

GPW Benchmark S.A.

As at 31 December 2017, the GPW Benchmark Management Board was comprised of one person: Rafał Wyszkowski as President of the GPW Benchmark Management Board.

From 1 January 2017, the GPW Benchmark Management Board was comprised of two persons: Dariusz Kułakowski as President of the Management Board and Iwona Edris as Member of the Management Board. On 19 April 2017, Iwona Edris resigned as Member of the GPW Benchmark Management Board. On 25 October 2017, Dariusz Kułakowski resigned as President of the GPW Benchmark Management Board. On 25 October 2017, the GPW Benchmark Supervisory Board appointed the GPW Benchmark Management Board of a new term of office comprised of: Rafał Wyszkowski as President of the GPW Benchmark Management Board and Dariusz Kułakowski as Vice-President of the GPW Benchmark Management Board. On 20 December 2017, Dariusz Kułakowski resigned as Vice-President of the GPW Benchmark Management Board

Instytut Analiz i Ratingu S.A.

As at 31 December 2017, the Management Board of IAiR consisted of:

  • Wojciech Lipka – President of the Management Board,
  • Marcin Żołyński – Vice-President of the Management Board.

At the beginning of the year, Jan Koleśnik was the President of the IAiR Management Board. On 28 March 2017, following resignation of Jan Koleśnik as President of the Management Board, the IAiR Supervisory Board delegated Piotr Kajczuk, Member of the IAiR Supervisory Board, to perform the function of President of the IAiR Management Board. On 28 June 2017, the IAiR Supervisory Board delegated Jacek Fotek to perform the function of President of the IAiR Management Board. On 25 September 2017, the IAiR Supervisory Board appointed Wojciech Lipka and Marcin Żołyński to the IAiR Management Board and appointed Wojciech Lipka as President of the IAiR Management Board and Marcin Żołyński as Vice-President of the IAiR Management Board.