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Orlen’s supervisory board announced on April 10 that Ireneusz Fąfara had won the competition for the position of the company’s new president. Shortly after announcing this decision, the manager sent a letter to the company’s employees.
See also: There is a new president of Orlen. The supervisory board announced its election
Orlen “the pearl of the Polish capital market”
“Ahead of us is a time of working together to create Orlen, which will be a European leader in the changing energy and economic reality. Orlen, which will drive the energy transformation. Orlen, which will create value for shareholders andNowów will become the pearl of the Polish capital market. Orlen, which will become a model in the application of corporate governance. It will be predictable, credible and transparent” – writes Ireneusz Fąfara in the letter, the content of which we have learned. It is difficult not to refer this fragment to the management style of the previous team, when we were dealing, for example, with intentional and non-market lowering or raising of fuel prices.
The new president also points out that Orlen will be “aware of its place and importance in Poland and the countries in which it operates”, while not forgetting about local communities.
Read also in BUSINESS INSIDER
The new president of Orlen
The largest Polish company had to wait three months for a new president. Daniel Obajtek stopped managing Orlen on February 6, 2024. exactly six years after he sat in the office at ul. Bielańska. The acting president for the next three months was Witold Literacki, who was appointed by the supervisory board as the first vice-president of the largest Polish company.
Ireneusz Fąfara, who ultimately won the race for the president’s position against Krzysztof Zamasz and 258 other candidatesreturns to the company after six years of absence. In the years 2010-2018, he was the president of the Lithuanian company of Orlen.
Manager in 2007-2009, president of Bank Gospodarstwa Krajowego. Previously, he was a long-time member of the management board of the Social Insurance Institution. In recent years, he managed the biotechnology companies 4Cell Therapies i Helixbiopharma. Since September 2018, he has also been a member of the supervisory board RockBridge TFI (former BPH TFI, owned by Altus TFI).
