GRI Indexes:

The Management Board of KGHM Polska Miedź S.A. may be composed of one to seven persons, appointed for a joint term of office of three consecutive years. 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 at his request appoints and dismisses the remaining members of the Management Board, including those serving as First Vice President and as the Vice Presidents of the Management Board, with the reservation of the provisions regarding the appointment and dismissal of an employee-elected member of the Management Board.

The Management Board operates based on the generally applicable laws, the Company’s Articles of Association and the Rules and Regulations of the Management Board of KGHM Polska Miedź S.A. (the corporate documents are published on the Company’s website, www.kghm.com). For resolutions of the Management Board to be valid, at least two-thirds of the members of the Management Board must be present. 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 current Management Board of KGHM Polska Miedź S.A.:

- Radosław Domagalski-Łabędzki, President of the Board

- Rafał Pawełczak, 1st Vice President (Supply Chain Management)

- Michał Jezioro, Vice President (Development)

- Stefan Świątkowski, Vice President (Finance)

- Ryszard Jaśkowski, Member of the Board

In 2016, The Management Board of KGHM Polska Miedź S.A. held 67 meetings, during which 188 resolutions were passed.

The most important actions taken by the Management Board of KGHM Polska Miedź S.A. in 2016:

- a decision on general revision of the Company’s strategy, focusing on adjusting the goals to the anticipated financial standing, taking into account the market condition and the need for cost optimization (the works were not completed in 2016 and will be continued next year);

- setting goals for 2017 with respect to production and safety at work;

- ongoing identification an analysis of market risk relating to changes in the prices of metals, foreign exchange rates and interest rates.

Composition of the Management Board as at January 1, 2016:  

- Herbert Wirth, President of the Board

- Jarosław Romanowski, 1st Vice President (Finance)

- Marcin Chmielewski, Vice President (Corporate Affairs)

- Jacek Kardela, Vice President (Development),

- Mirosław Laskowski, Vice President (Production)

Changes in the composition and division of responsibilities of the Management Board in 2016:

On February 3, 2016 the Supervisory Board dismissed the President of the Management Board, Herbert Wirth, and the following Vice Presidents: Jarosław Romanowski, Marcin Chmielewski and Jacek Kardela. They were replaced by Krzysztof Skóra (President of the Board) and Jacek Rawecki and Mirosław Biliński (Vice Presidents).

On February 23, 2016 the Supervisory Board appointed Stefan Świątkowski for the position of Vice President of the Management Board.

On March 15, 2016 the Supervisory Board dismissed Mirosław Laskowski from the position of Vice President of the Management Board and appointed Piotr Walczak in his place.

On May 17, 2016, the Supervisory Board appointed Jacek Rawecki for the position of 1st Vice President of the Management Board.

On September 2, 2016 Mirosław Biliński resigned from the position of Vice President as of September 5, 2016.

On September 5, 2016 the Supervisory Board seconded its member, Dominik Hunek, to perform the function of Management Board member – Vice President responsible for Development, for a limited period from September 6 to December 6, 2016.

On October 28, 2016 Dominik Hunek resigned from performing the function of Vice President of the Management Board responsible for Development on a temporary basis. On the same day, the Supervisory Board dismissed the President of the Management Board Krzysztof Skóra and appointed Radosław Domagalski-Łabędzki in his place.

On November 9, 2016 the Supervisory Board appointed Michał Jezioro for the position of Vice President of the Management Board.

Additional information

On February 3, 2017, Jacek Rawecki resigned from the position of Vice-President of the Management Board for Supply Chain Management. On the same day, the Supervisory Board appointed Rafał Pawełczak as the Vice President of the Management Board.

On May 31, 2016, Piotr Walczak resigned from the position of Vice President of the Management Board of KGHM Polska Miedź S.A.  for Manufacturing.

On July 24, 2017,  the Supervisory Board adopted a resolution to appoint Ryszard Jaśkowski as Member of the Board of KGHM Polska Miedź SA.