GRI Indexes:

The number of members of the Management Board is set by the Supervisory Board, which appoints and dismisses the President of the Management Board and Vice-Presidents. Management Board members may be dismissed by the Supervisory Board before the expiry of the term of office. 

The Management Board operates on the basis of laws, the Company’s Articles of Association and the Rules and Regulations of the Management Board. For resolutions of the Management Board to be valid, at least two-thirds of its members must be present. The resolutions of the Management Board are passed by a simple majority of the votes of those present at the meeting. In the case of a tie vote for or against a resolution, the President of the Management Board has the casting vote. 

A detailed list of the matters requiring a resolution of the Management Board is presented in the Rules and Regulations of the Management Board of KGHM Polska Miedź S.A. approved by the Supervisory Board.

The composition of the Management Board of KGHM Polska Miedź S.A. as at 1 January 2017 was as follows:
Full name:
Position:
Radosław Domagalski-Łabędzki
President of the Management Board
Jacek Rawecki
1st Vice-president of the Management Board for Supply Chain Management
Michał Jezioro
Vice-president of the Management Board for Development
Stefan Świątkowski
Vice-president of the Management Board for Financial Matters
Piotr Walczak
Vice-president of the Management Board for Production

Changes in the composition and division of responsibilities of the Management Board in 2017:

  • On 3 February 2017
    • Jacek Rawecki resigned from the position of the 1st Vice-President of the Management Board
    • the Supervisory Board adopted a resolution to appoint Rafał Pawełczak as the Vice-President of the Management Board.
  • On 31 May 2017
    • Piotr Walczak resigned from the position of the Vice-President of the Management Board with effect from 13 June 2017
  • On 24 July 2017
    • the Supervisory Board adopted a resolution to appoint Ryszard Jaśkowski as a Management Board member.
  • On 8 November 2017
    • the Supervisory Board appointed Ryszard Jaśkowski as the Vice-President of the Management Board for Production
The composition of the Management Board as at 31 December 2017 was as follows:
Full name:
Position:
Radosław Domagalski-Łabędzki
President of the Management Board
Stefan Świątkowski
1st Vice-President of the Management Board for Supply Chain Management
Michał Jezioro
Vice-President of the Management Board for Development
Rafał Pawełczak
Vice-President of the Management Board for Financial Matters
Ryszard Jaśkowski
Vice-President of the Management Board for Production

* Biographical notes of the Management Board members can be found in the “Management Board Report on the Activity of KGHM Polska Miedź S.A. and the KGHM Polska Miedź S.A. Group in 2017”, available at www.kghm.com.

Additional information:

On 10 March 2018, the Supervisory Board dismissed the President of the Management, Radosław Domagalski-Łabędzki and the Vice-President of the Management Board for International Assets, Michał Jezioro from the Management Board of KGHM Polska Miedź S.A. The Supervisory Board decided that the Management Board would consist of three members. The Supervisory Board entrusted Vice-President of the Management Board, Rafał Pawełczak with the performance of the duties of the President of the Management Board until a new President of the Management Board is appointed following an executive search procedure, while the Supervisory Board entrusted the Vice-President of the Management Board for Financial Matters, Stefan Świątkowski with the performance of the duties associated with being the Vice-President of the Management Board for International Assets until a new Vice-President for International Assets is appointed following an executive search procedure. The Vice-President for Production is Ryszard Jaśkowski

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