The Management Board of Orzeł Biały S.A. (hereinafter referred to as “The Company”) gives hereby notice that on November 7, 2019, The Company received a notice from Mr Michael Rohde Pedersen about his resignation from his function in The Company’s Management Board as President of the Management Board as of November 7, 2019.
Mr Michael Rohde Pedersen was the President of the Management Board of The Company of the 8th, 9th and 10th term.
The reasons for his resignation have not been provided.
At the same time, the Supervisory Board of The Company adopted, on the same day, a resolution on entrusting the function of the President of the Management Board and the position of the Director General to Mr Konrad Sznajder with immediate effect.
On the adoption day of the above resolution, the resolution expired of the Supervisory Board adopted on October 15, 2019 regarding entrusting Mr Konrad Sznajder with the duties of the President of the Management Board.
The Issuer submitted, in the Current Report No 35/2019 of October 15, 2019, the information on the appointment of Mr Konrad Sznajder to act as the Member of The Company’s Management Board and to perform the duties of the President of the Management Board.
According to his statement, Mr Konrad Sznajder does not conduct any competitive activity vi-a-vis Orzeł Biały S.A. nor does he participate in any competitor company as a partner in a civil law partnership or general partnership or as a member of a competitor corporation’sgoverning body or a member of any competitor legal entity’s governing body.
Mr Konrad Sznajder, President of the Management Board – Director General, is not entered in the Register of Insolvent Debtors kept pursuant to the National Court Register Act. His professional CV is attached by The Issuer.
Legal basis: MFR WSE § 5 Cl. 4, 5
