Supervisory Board
Supervisory Board at the end of 2019
Jakub MODRZEJEWSKI - President of the Exchange Supervisory Board
Currently, the Director of the Capital Group Office in PKN ORLEN. Previously Deputy Director of the Supervised and Reporting Entities Department of the Ministry of Economic Development, which exercises owner’s supervision over a group of more than 240 companies with a stake held by the State Treasury. He holds a degree from the Department of Law and Administration, University of Warsaw. Legal Counsel entered in the register of legal counsels of the Board of the District Chamber of Legal Counsels in Warsaw. He acquired professional experience in financial institutions including PKO Bank Polski S.A. and Pioneer Pekao TFI S.A., as well as Polish and international law firms. He specialises in commercial law, company law and capital market law.
Meets independence criteria referred to in: § 14 of the Warsaw Stock Exchange Articles of Association.
Janusz KRAWCZYK – Vice-president of the Exchange Supervisory Board
Janusz M. Krawczyk holds a degree from the Mechanical Engineering Department of the Kraków University of Technology, where he was a teacher and researcher after graduation. Member of the City Council of Kraków of the first term of office (1990-1994) and Member of the Management Board of Kraków responsible for municipal companies in 1990-1992. He started his career in HR management in international corporations with Coca Cola Poland in 1992 and continued with Pepsi Co. in Poland and in the European head office in Vienna as Regional Director. He was also HR Director of AHOLD Polska.
He completed a number of training and internship programmes in HR management and work organization in Poland and abroad (including UK, Japan, France, Sweden, Austria, Belgium). From June 2000, Bank Director with Bank Zachodni; from September 2000, Member of the Management Board of Bank Zachodni and later Bank Zachodni WBK. He served as the Head of Strategic HR Management. In 2012-2013, Advisor to the President of the Management Board on the merger of Bank Zachodni WBK and Kredyt Bank. He has many years of experience as a supervisory board member.
Meets independence criteria referred to in: § 14 of the Warsaw Stock Exchange Articles of Association.
Piotr PRAŻMO - Secretary to the Exchange Supervisory Board
CFO, Member of the Management Board, Erste Securities Polska S.A. Chairman of the Supervisory Board, the Chamber of Brokerage Houses (IDM). Graduate of the Warsaw University of Technology, Faculty of Technical Physics and Applied Mathematics, major: Information Technology (1996). Besides, in 1997, he completed the MBA studies at the Warsaw University of Technology Business School (a joint venture of the Warsaw University of Technology, London Business School, HEC School of Management Paris and Norwegian School of Economics and Business Administration). Member of the Association of Chartered Certified Accountants (ACCA), with the FCCA title. In 1997-2007 with Deloitte Audyt Sp. z o.o. of Financial Institutions Audit Department, including 2003-2005 at Deloitte & Touche LLP in New York.
Since September 2007, Member of the Management Board and Chief Financial Officer responsible for Finance & Operations, IT, as well as Risk and Compliance with Erste Securities Polska S.A.
Since 2011, Member of the Supervisory Board and since June 2014 Chairman of the Supervisory Board of the Chamber of Brokerage Houses (IDM).
In the years 2011-2014, he cooperated with the Accounting and Taxation Institute as a member of the jury of „The Best Annual Report” contest. In 2017, Chairman of the Program Board of the 17th Conference of the Chamber of Brokerage Houses.
Meets independence criteria referred to in: § 14 of the Warsaw Stock Exchange Articles of Association.
Bogusław BARTCZAK - Member of the Exchange Supervisory Board
President of Black Red White SA. He holds a graduate degree in Electronics and a post-graduate degree in Management from the Łódź University of Technology. He studied Management at University of Strathclyde, Glasgow, UK. Early in his career he worked for many years with Accenture in London and Warsaw, where he led projects mainly for clients in the financial sector. In the last 15 years, he has been on the authorities of many companies in Europe, among others as President of Huta Aluminium Konin S.A., Vice-President of Carlsberg Polska, President of Carlsberg Serbia and Carlsberg Italia, Vice-President Western Europe of Carlsberg Breweries A/S, President of NOMI SA and Managing Director at Alvarez & Marsal.
Meets independence criteria referred to in: § 14 of the Warsaw Stock Exchange Articles of Association.
Krzysztof JAJUGA - Member of the Exchange Supervisory Board
Professor of Economics, lecturer at the Wrocław University of Economics, the Warsaw University of Technology, and foreign universities (including the Jiao Tong University in Shanghai). Honorary doctorate of the Kraków University of Economics and honorary professorship of the Warsaw University of Technology. His research focuses on Finance, Risk Management, Statistics and Econometrics. Chair of Financial Investment and Risk Management, Wrocław University of Economics. Chair of the Committee for Statistical Science and Econometry, Polish Academy of Sciences; Deputy Chair of the Committee for Economic Science, Polish Academy of Sciences; Member of the Bureau of the Committee for Finance, Polish Academy of Sciences; Member of the Central Committee for Degrees and Titles and of the Scientific Excellence Board. Founder and President of the CFA Society Poland. He works with many financial institutions and companies.
Meets independence criteria referred to in: § 14 of the Warsaw Stock Exchange Articles of Association.
Filip PASZKE - Member of the Exchange Supervisory Board
He holds a degree in Management and Marketing from the Adam Mickiewicz University of Poznań. In 1999-2012 with Wielkopolski Bank Kredytowy and later with Dom Maklerski BZ WBK where he created the institutional sales section. From 2009, Member of the Management Board of Dom Maklerski BZ WBK responsible for institutional sales, research, and capital market transactions. From January 2013 with Societe Generale Corporate & Investment Banking as Director for Equity Markets responsible for business development in those markets and for customer relations in Poland and CEE. He has participated in more than 70 transactions on the Polish capital market throughout his career. Since 1 October 2014, Director of Dom Maklerski PKO Banku Polskiego responsible for PKO BP Group’s capital market business including services for institutional and retail investors, research, corporate advisory (ECM, M&A) and proprietary trading.
Meets independence criteria referred to in: § 14 of the Warsaw Stock Exchange Articles of Association.
Eugeniusz SZUMIEJKO - Member of the Exchange Supervisory Board
MA from the Department of Mathematics, Physics and Chemistry, University of Wrocław. Post graduate degree in Corporate Financial Management from the Wrocław University of Economics. In 1971-1977, university lecturer at the Institute of Astronomy, University of Wrocław. In 1992 – 1996, Vice President and Director for Economics and Marketing of Port Lotniczy Wrocław SA. In 1998, Co-ordinator of the National Reconstruction and Modernisation Programme, Voivodeship Office of Wrocław. In 2001 – 2002, Administrator of Kopalnia Surowców Skalnych. In 2006 – 2008, Director for Service and Management Board Member of EnergiaPro Koncern Energetyczny SA.
Meets independence criteria referred to in: § 14 of the Warsaw Stock Exchange Articles of Association.
Supervisory Board as of 22.06.2020
Dominik KACZMARSKI - President of the Exchange Supervisory Board
Dominik Kaczmarski holds an MA in Law from the Department of Law and Administration, University of Warsaw. He is a licensed tax advisor.
He gained professional experience as a financial industry taxation expert with leading international consultancies (PwC 2012-2014, Deloitte 2014-2016).
From February 2016 to January 2020, Deputy Director of the Sectoral & Local Taxation and Gambling Tax Department and Deputy Director and later Director of the Tax System Department of the Ministry of Finance. He worked on the crime-proofing of the CIT and VAT system and on the tax aspects of the Capital Market Development Strategy.
He was Secretary to the Board for Prevention of Tax Avoidance, Member of the Tax Advisor Examination Panel, Member of the Codification Committee of General Tax Law. Currently Member of the Expert Group for Corporation Law of the Supervision Ownership Reform Committee.
Dominik Kaczmarski has published many papers on taxation.
Since March 2020, Member of the Supervisory Board of PKN Orlen S.A.
Currently, Director of the Analysis & Reporting Department, Ministry of State Assets.
Jakub MODRZEJEWSKI - Member of the Exchange Supervisory Board
Legal Counsel, MA cum laude in Law from the Department of Law and Administration, University of Warsaw. Manager in senior positions for several years now, experience in co-ordination of management processes in companies in the financial industry and the utilities sector. Expert in ownership supervision, corporate law, and capital market law.
He gained professional experience with leading financial service providers (Pioneer Pekao TFI, PKO Bank Polski). From May 2017 with the Ministry of Economic Development as Deputy Director and later Director of the Supervised Entities & Subsidiaries Department. He managed a team exercising ownership supervision over 240 companies with a stake held by the State Treasury. In 2018, Deputy Director, State Treasury Department, supporting the Prime Minister in the co-ordination and exercise of powers of the State Treasury in companies, including development of systemic solutions in ownership supervision. Member of the Supervisory Board of Bank Gospodarstwa Krajowego in 2017-2018.
Since 2017, Member of the Supervisory Board of the Warsaw Stock Exchange. Since 2018, Director of the Office of the PKN ORLEN S.A. Group which exercises ownership supervision over ORLEN Group companies. Secretary to the Board of the PKN ORLEN S.A. GroupIn February 2020, he was appointed to the Expert Group for Corporation Law and the Expert Group for Joint-Stock Companies Reporting Obligations Reform of the Supervision Ownership Reform Committee.
Meets independence criteria referred to in: § 14 of the Warsaw Stock Exchange Articles of Association.
Michał BAŁABANOW - Secretary of the Exchange Supervisory Board
He holds a degree from the Department of Law and Administration, University of Warsaw.
Legal Counsel entered into the Register of Legal Counsels of the Regional Chamber of Legal Counsels in Warsaw.
In 2004-2007 with the law firm Prof. Marek Wierzbowski & Partners.
From November 2017 to the end of 2018, Lawyer with UniCredit CAIB Poland S.A.
Judge of the Exchange Court of the Warsaw Stock Exchange in 2007-2010. Since 2009 with PKO Bank Polski S.A., initially as Legal Advisor to the Director of the Brokerage House, later Director for Transactions and Financial Advisory of the Brokerage House, and since 2019 Deputy Director, Legal Department, PKO Bank Polski S.A.
He gained professional experience with J.P. Morgan in London.
He has participated in dozens of transactions on Polish and international capital markets.
Lecturer of the Post-Graduate Programme in Capital Market Law and Economics, Warsaw School of Economics.
He meets the independence criteria referred to in § 14(1) of the Articles of Association of the Warsaw Stock Exchange.
Janusz KRAWCZYK – Member of the Exchange Supervisory Board
Janusz M. Krawczyk holds a degree from the Mechanical Engineering Department of the Kraków University of Technology, where he was a teacher and researcher after graduation. Member of the City Council of Kraków of the first term of office (1990-1994) and Member of the Management Board of Kraków responsible for municipal companies in 1990-1992. He started his career in HR management in international corporations with Coca Cola Poland in 1992 and continued with Pepsi Co. in Poland and in the European head office in Vienna as Regional Director. He was also HR Director of AHOLD Polska. He completed a number of training and internship programmes in HR management and work organization in Poland and abroad (including UK, Japan, France, Sweden, Austria, Belgium). From June 2000, Bank Director with Bank Zachodni; from September 2000, Member of the Management Board of Bank Zachodni and later Bank Zachodni WBK. He served as the Head of Strategic HR Management. In 2012-2013, Advisor to the President of the Management Board on the merger of Bank Zachodni WBK and Kredyt Bank. He has many years of experience as a supervisory board member.
He meets the independence criteria referred to in § 14(1) of the Articles of Association of the Warsaw Stock Exchange.
Filip PASZKE - Member of the Exchange Supervisory Board
He holds a degree in Management and Marketing from the Adam Mickiewicz University of Poznań.
In 1999-2012 with Wielkopolski Bank Kredytowy and later with Dom Maklerski BZ WBK where he created the institutional sales section.
From 2009, Member of the Management Board of Dom Maklerski BZ WBK responsible for institutional sales, research, and capital market transactions.
From January 2013 with Societe Generale Corporate & Investment Banking as Director for Equity Markets responsible for business development in those markets and for customer relations in Poland and CEE.
In 2014-2019, Director of Dom Maklerski PKO Banku Polskiego responsible for PKO BP Group’s capital market business including services for institutional and retail investors, research, corporate advisory (ECM, M&A) and proprietary trading. Between 2018 and 2019 he also served as the Director of the Private Banking Center at PKO BP. Since 2017, an independent member of the Supervisory Board of the Warsaw Stock Exchange.
He has participated in more than 80 transactions on the Polish capital market throughout his career.
He meets the independence criteria referred to in § 14(1) of the Articles of Association of the Warsaw Stock Exchange.
Eugeniusz SZUMIEJKO - Member of the Exchange Supervisory Board
MA from the Department of Mathematics, Physics and Chemistry, University of Wrocław. Post graduate degree in Corporate Financial Management from the Wrocław University of Economics. In 1971-1977, university lecturer at the Institute of Astronomy, University of Wrocław. In 1992 – 1996, Vice President and Director for Economics and Marketing of Port Lotniczy Wrocław SA. In 1998, Co-ordinator of the National Reconstruction and Modernisation Programme, Voivodeship Office of Wrocław. In 2001 – 2002, Administrator of Kopalnia Surowców Skalnych. In 2006 – 2008, Director for Service and Management Board Member of EnergiaPro Koncern Energetyczny SA. Meets independence criteria referred to in: § 14 of the Warsaw Stock Exchange Articles of Association.
On July 6th 2020, the Warsaw Stock Exchange informed about the death of Eugeniusz Szumiejko in current report no. 18/2020
Adam SZYSZKA - Member of the Exchange Supervisory Board
Professor Dr habil. Adam Szyszka is a Professor of Economics and Finance at the Collegium of World Economy, Warsaw School of Economics. He heads the Financial Markets Interdisciplinary Research Centre. A member of the European Commission’s High-Level Forum on Capital Markets Union. Professor Szyszka was a fellow of the Fulbright Foundation and the Kosciuszko Foundation at Columbia University, New York. He has taken part in seminars and lectured at many leading universities around the world including Harvard Business School, Freie Universitaet in Berlin, Tsinghua University in Beijing, University of Adelaide in Australia. He was a long-time researcher at the Poznań University of Economics and Business.
Professor Szyszka’s areas of academic interest focus on the capital market including both macro- and microeconomics. His macroeconomic research focuses on the position and role of the capital market in the economy and the relationship between the financial sector and the real economy. His microeconomic interests include the efficiency of securities exchanges, behavioural finance and psychological impact on behaviours of market participants and asset valuation. He has published more than 80 research publications including monographs published in the USA by leading publishers such as Palgrave Macmillan and Wiley & Sons, as well as many papers in international science periodicals.
Professor Szyszka has experience on the supervisory boards of large companies, including listed companies. He has been an expert of the Polish-American Fulbright Commission, the National Science Centre, the Think Forward Initiative. He has recently been invited to join the expert team of the European Commission’s High-Level Forum on Capital Markets Union. He has worked for many years with GPW as the author of training curricular and materials and a lecturer of the GPW Exchange School.
Meets independence criteria referred to in § 14 of the Warsaw Stock Exchange Articles of Association.
