Jan Szewczak resigned from the position of member of the Management Board of ORLEN SA

Luc Williams

On Monday, Orlen informed Fr resignation of Jan Szewczak from the position of member of the company’s management board for finance. Szewczak has held the position since 2020.

It was added that “Jan Szewczak resigned on February 5, 2024 from the position of member of the company’s management board with the expiry of February 5, 2024.”

According to published on Monday by Supreme Audit Office (NIK) Orlenin conjunction with implementation of remedial measures in connection with the merger with Lotos, sold assets to private entities that were at least PLN 5 billion below their value estimated by the Chamber. As indicated by the Supreme Audit Office, the sale of shares in Refinery Gdańsk to Aramco was below the valuation value by approximately PLN 3.5 billion.

“The report is unreliable and very harmful: to the market, capitalization, shareholders and state security. It puts the entire country at risk of losing credibility,” he said Szewczak, adding that “the arrangements are worthless”and prepared for the political thesis that Lotos’ assets were sold for too low a price.

“In our opinion, not only did we not lose PLN 5 or 7 billion, but we gained PLN 9 billion on this transaction,” Szewczak said, announcing the publication of data proving this.

The Orlen Group is a multi-energy concern that owns, among others: refineries in Poland, the Czech Republic and Lithuania. He also manages the petrochemical segment and the hydrocarbon mining segment. At the same time, it is developing the segment of renewable energy sources and plans to develop safe nuclear energy – by 2030 it intends to launch at least one small SMR nuclear reactor.

Last year, the Orlen Group’s strategy until 2030 was updated, taking into account its priority goals, especially after the merger with the Energa Group, Lotos Group and PGNiG. According to this document, the company is to invest over PLN 320 billion by the end of the decade.

author: Anna Bytniewska


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