Current Report No. 42/2017 dated 15 May 2017
Appointment of Members of the Management Board of Wirtualna Polska Holding S.A. for a new term of office and determining the number of Members of the Management Board
Legal basis: Art. 56 par. 1 pt. 2 lit. of the act of 29 July 2005 on public offering and conditions governing the introduction of financial instruments to organized trading and on public companies.
Content of the report:
Management Board of Wirtualna Polska Holding S.A. ("The Company") announces that today, May 15, 2017, the Company's Supervisory Board adopted resolutions on appointing of below indicated persons as members of the Management Board of the Company:
- Mr Michał Brański and entrusted him with the function of a Member of the Management Board,
- Mrs. Elżbieta Bujniewicz-Belka and entrusted her with the function of the Member of the Management Board/ Chief Financial Officer,
- Mr Krzysztof Sierota and entrusted him with the function of a Member of the Board.
Resolutions enter into force at the moment of their adoption.
Mr Michał Brański, Mrs Elżbieta Bujniewicz-Belka and Mr Krzysztof Sierota have previously served as members of the Management Board of the Company. The appointment is related to the expiry of the term of office of the Members of the Management Board of the Company pursuant to § 12 4 of the Statute of the Company. According to § 12 sec. 2 of the Statute, the General Meeting appoints and dismisses the President of the Management Board. Other members of the Management Board are appointed and dismissed by the Supervisory Board in accordance with the motion of the President of the Management Board.
The Management Board of the Company also informs that the Supervisory Board also adopted a resolution on the number of Members of the Management Board. The Management Board consists of 4 (four) members, i.e. the President of the Management Board and three Members of the Management Board.
Michał Brański - Member of the Management Board/ VP Strategy
In 1999, Michał Brański, together with Jacek Świderski and Krzysztof Sierota, established an Internet portal under the name go2.pl (later o2.pl), and in 2000, he incorporated MediaOne sp. z o.o. (later, o2.pl sp. z o.o., and, subsequently, Grupa o2 sp. z o.o., which, in 2011, was transformed into a joint stock company, Grupa o2 SA (currently, Wirtualna Polska Holding SA). Since the creation of the portal, he has developed the business of the Company and its Subsidiaries on the Polish Internet market as, currently a member of the Management Board of the Company and of the subsidiaries Grupa Wirtualna Polska SA. Since 2009, Michał Brański has been a member of the management board of Borgosia Investments Limited, and since 2014, the president of the management board of 10x SA, Now2 Sp. z o.o. (from 2015) and Palaja Sp. z o.o. (from 2016). Additionally, Michał Brański is a member of the supervisory boards of WP1 sp. z o.o. (since 2016).
Michał Brański studied management and marketing at the Warsaw School of Economics.
From February 10, 2014 Member of the Management Board / VP Product Strategy.
Krzysztof Sierota - Member of the Management Board/ VP Engineering
In 1999, Krzysztof Sierota, together with Jacek Świderski and Michał Brański, established an Internet portal under the name go2.pl (later o2.pl), and in 2000, he incorporated MediaOne sp. z o.o. (later, o2.pl sp. z o.o., and subsequently, Grupa o2 sp. z o.o., which, in 2011, was transformed into a joint stock company, Grupa o2 SA (currently, Wirtualna Polska Holding SA))
. Since the creation of the portal, Krzysztof Sierota has developed the business of the Company and its Subsidiaries on the Polish Internet market as, currently a member of the Management Board of the Company and of the subsidiary Grupa Wirtualna Polska SA. Since 2009, Krzysztof Sierota has also been a member of the management board of Jadhave Holdings Limited, and since 2010, a member of the management board of Bwave.pl sp. z o.o. and since 2014, the president of the management board of Albemuth Inwestycje SA, Highcastle Sp. z o.o. (from 2015) and Silveira Sp. z o.o. (from 2016).
Krzysztof Sierota studied quantitative methods in economics and information systems as well as finance and banking at the Warsaw School of Economics.
From February 10, 2014 Member of the Management Board / VP Engineering.
Elżbieta Bujniewicz-Belka - Member of the Management Board/ CFO / VP Finance
Elżbieta Bujniewicz-Belka commenced her professional career in 1993 as an analyst at Enterprise Investors – Polish-American Enterprise Fund. Starting in 1995 she was an accounting supervisor at Young&Rubicam, and in of 1996 she continued her professional career as financial controller and director of the analyses and investments department at ComputerLand SA (currently Sygnity SA). Subsequently, in 1999, she was appointed as the vice president (chief financial officer) and member of the management board of the company and continued in that position until 2007. In 2010, Elżbieta Bujniewicz-Belka was appointed as a member of the management board of DRUMET Liny i Druty sp. z o.o. From 2012 to 2013, Elżbieta Bujniewicz-Belka cooperated with the Iglotex group as a member of the management board of Iglotex SA and as a member of the management board of Iglotex Dystrybucja sp. z o.o. Since February 2014, she has been connected with the Group – she is a member of the Management Board of the Company and of the Subsidiaries Grupa Wirtualna Polska SA and WP1 sp. z o.o.
Elżbieta Bujniewicz-Belka also is the member of the management board of Orfe SA, 10X SA, Albemuth Inwestycje SA, Liceia Sp. z o.o., Palaja Sp. z o.o. and Silveira Sp. z o.o.
Elżbieta Bujniewicz-Belka graduated the Warsaw School of Economics in 1993 with a master degree in economics.
From February 11, 2014 Member of the Management Board, CFO / VP Finance.
According to the Company, Mr Michał Brański, Mrs. Elżbieta Bujniewicz-Belka and Mr Krzysztof Sierota do not conduct any business competitive to that of the Company as the issuer, they are not involved in a competitive business as a shareholder or partner in a civil law company or partnership or a member of a corporate body of a competitive corporation or legal person and they are not entered in the Register of Insolvent Debtors kept pursuant to the provisions of the National Court Register Act of 20 August 1997.
Legal basis: Article 56 sec. 1 item 2 of the Act dated 29 July 2005 on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies in conjunction with § 5 sec. 1 item 22 of the Regulation issued by the Minister of Finance on 19 February 2009 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for Recognizing the Information Required by the Regulations of a Non-Member State as Equivalent.
Signatures of the individuals representing the Company:
Jacek Świderski – President of the Management Board/Chief Executive Officer
Elżbieta Bujniewicz – Belka – Member of the Management Board/Chief Financial Officer