Andrzej Klesyk, the president of PZU
The Board of the Universal Insurance Institution (PZU) announced that on February 27, 2025, the company’s supervisory board appointed Andrzej Klesyk In the board of PZU, entrusting him with the function of president. In the past, in the years 2007 – 2015, Klesyk was already at the head of the insurer.
“I am glad that I will be able to finish the PZU transformation process, which I initiated years ago. I deeply believe that this is a company that can do things unattainable for others as a real leader, creating market standards. It should always measure the highest, be number one in each of the key areas for it. Both the market and the organization can always expect me from decision -making, and professionalism and fair communication, and soon the first specifics, “he said Andrzej Klesyk cited in the company’s announcement.
The company pointed out that until the CNF consent was obtained, The Supervisory Board entrusted the duties of the President of the Management Board.
PZU stated that the appointment of Klesyk as president from March 3, 2025 for the joint term of office of the management board, covering three full financial years 2023-2025.
Who is Andrzej Klesyk?
The company also informed that Andrzej Klesyk is A graduate of the Catholic University of Lublin, Faculty of Social Sciences, Economics and Harvard Business Schoolwhere he obtained the title of MBA. In addition, he completed numerous trainings abroad related to the financial and management sector, including global training for partners and managers of The Boston Consulting Group. She emphasized that Klesyk has experience in consulting for the financial and insurance sector, the insurer said.
Klesyk was already the president of PZU in 2007-2015, he resigned on December 8, 2015 after PiS took power. During his presidency in 2009, the conflict of the Ministry of the Treasury with Eureko on the privatization of PZU was completed, thanks to which the State Treasury avoided paying a billion compensation, and PZU had an open path to the public offer. In May 2010, PZU’s shares debuted on the Warsaw Stock Exchange.
January 21, 2025 Andrzej Klesyk He became a member of the PZU supervisory board. At the end of January, the supervisory board of PZU delegated Andrzej Klesyk to perform the activities of the President of the Management Board of PZU, and the current president Artur Olech was dismissed from the board. Klesyk was delegated to temporarily perform activities until the appointment of the President of the Management Board, but for a period not longer than three months.
PZU strategy
Klesyk had rated so far that PZU strategy It will not be changed, but in several aspects it requires clarification, which can happen by the end of March. He announced greater clarity when it comes to the future of banks in the group and clarifying the way of managing capital.
At the beginning of December PZU published a strategy for 2025-27, which assumes, among others Simplification of the group structure and consolidation of banking assets. The insurer reported that the sale of Alior shares to Pekao is planned to generate value for the PZU group and other shareholders of both banks. PZU and Pekao signed a letter of intent regarding the sale of shares at Alior Bank to Bank Pekao.
The insurer founded an increase in net profit to over PLN 6.2 billion in the strategy, achieving the ROE indicator from basic activities at the level of over 19 percent. At that time, the group planned concentration on Core Business with the purpose of a significant increase in value, including gross income from insurance up to PLN 36.2 billion, over 40 percent. EPS growth from basic activities and over 20 percent Operational margin in life insurance.
It was also assumed to reduce the COR ratio to below 90 percent. in property insurance and up to 25 percent Bancassurance market share in Poland meaning strengthening the leadership position.
The largest financial institution in Central and Eastern Europe
The Capital Group of the Universal Insurance Company is The largest financial institution in Poland and Central and Eastern Europe. The group is headed by PZU – a listed company. The group includes, among others: PZU Życie SA, Link4 TU SA, TUW PZUW, Alior Bank SA, Bank Pekao SA. The group manages about PLN 300 billion of assets and provides services to approx. 22 million clients in five countries. The State Treasury in PZU has about 34.2 percent action. (PAP)
