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Company profile

 

The Management Board directs the business of the Company and represents it externally. The duties of the Management Board include all those matters pertaining to the Company’s operations which have not been reserved, by law or the Company’s Statutes, for the competence of other Company authorities. The Management Board operates in conformance with generally applicable legal regulations, the Company’s Statutes and the Management Board By-laws. The Management Board’s competence to decide on the issuance or redemption of shares is limited by force of the Statutes. In accordance with § 29 sec.1 item 6 of the Company’s Statutes, any increase in the share capital or issuance of shares requires a prior approval of the General Meeting. The same holds true for the issuance of bonds (§ 29 sec.1 item 10 of the Company’s Statutes). The Management Board of the Company does not have the authority to increase the share capital or issue the Company’s shares on terms and conditions specified in art. 444-446 of the Commercial Partnerships and Companies Code.

 

The Management Board consists of 1 to 7 persons appointed for a joint term of office. The term of office of the Management Board lasts three 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/her 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. The Supervisory Board appoints and dismisses the employee-elected member of the Management Board.

 

The composition of the Management Board of 7th term and the segregation of duties amongst its Members in the period from 1 January to 28 June 2012 was as follows:

  • Herbert Wirth – President of the Management Board
  • Maciej Tybura – First Vice-President of the Management Board (Finance)
  • Wojciech Kędzia – Vice President of the Management Board (Production)

 

On 27 June 2012, the Supervisory Board of KGHM Polska Miedź S.A. decided that the Management Board of the 8th term will consist of five Board Members.

 

On the date of the General Meeting convened to approve the financial statements for the financial year 2011 (28 June 2012), the Supervisory Board appointed the Management Board of the 8th term, including Herbert Wirth (Management Board President) and the following Management Board Members: Wojciech Kędzia, Włodzimierz Kiciński, Dorota Włoch and Adam Sawicki (as of 1 September 2012).

 

On 25 July 2012, the Supervisory Board designated Włodzimierz Kiciński as the First Vice-President of the Management Board.

 

On 10 October 2012, the Supervisory Board entrusted the Management Board members with the following functions:

  • Herbert Wirth – Management Board President
  • Włodzimierz Kiciński – First Vice-President of the Management Board (Finance)
  • Wojciech Kędzia – Vice-President (Production)
  • Adam Sawicki – Vice-President (Corporate Affairs)
  • Dorota Włoch – Vice-President (Development).

 

The composition of the Management Board remained unchanged until the end of 2012.

 

Herbert Wirth


KGHM Board Member since 2008 and President of the Management Board of KGHM Polska Miedź S.A. since 2009. Graduate of the AGH University of Science and Technology in Kraków. Holder of a PhD and Doctor of Science degree obtained in 2012. Completed post-graduate programs, including Project Management at the George Washington University School of Business and Public Management where he received the Master’s Certificate in Project Management. Associated with the copper holding since 1998, initially working for “CUPRUM” Research and Design Centre in Wrocław, and since 2002 for KGHM Polska Miedź S.A., with the exception of one year when he acted as a Vice-President for KGHM “CUPRUM”. Winner of the “Best Managers 2011” competition; awarded with a title of Visionary 2012; member of the prestigious group of best leaders in times of crisis. Chairman of the Supervisory Board of KGHM Cuprum.


Wojciech Kędzia


Executive Vice-President & COO of KGHM Polska Miedź S.A. since 2010. Graduate of the Mining Department at Wrocław University of Technology. Holder of a Ph.D. degree in Economics. Completed post-graduate studies in hydrometallurgy at the Department of Chemistry of Wrocław University of Economics and a post-graduate managerial course in organisation and management in market economy at Wroclaw University of Economics. Joined KGHM in 1992 and went up the career ladder, starting as a Senior Foreman, through the position of a Director of the Production Analyses and Monitoring Department to Vice-President of the Management Board. Chairman of the Supervisory Board of Dolnośląska Fabryka Maszyn Zanam –Legmet and Chairman of the Supervisory Board of PeBeKa S.A.


Włodzimierz Kiciński


Executive First Vice-President & CFO of KGHM Polska Miedź S.A. since 2012. Graduate of the Department of Mechanics and Technology at the Warsaw University of Technology and Foreign Trade Department of the Warsaw School of Economics. Completed post-graduate studies at the Institute of Foreign Commerce Theory at Johannes Gutenberg University in Mainz, Germany. For nine years, President of the Management Board of Nordea Bank Polska S.A. Earlier, Vice-President of BGŻ S.A. and Hypo-Bank Polska S.A. Recipient of the Officer’s Cross and Knight’s Cross of the Order of Polonia Restituta. Bank Manager of 2010 and Leader of the Polish Business in the ranking of Business Centre Club. Member of the Supervisory Board of PZU S.A.


Dorota Włoch


Executive Vice-President, Business Development of KGHM Polska Miedź S.A. since 2012. Graduate of the Geology Department at Wrocław University and Warsaw School of Economics. Completed the MBA program at Wrocław University of Economics. Graduate of the Project Management Department at the George Washington University. Joined KGHM in 1994 and went up the career ladder, starting as the Planning and Analyses Specialist, subsequently promoted to the position of the Investments Department Director and Executive Director for Investments and Development. Currently responsible for the coordination of the Management Board work on the new strategy, including the concept of mining operations development, modernisation of the metallurgic segment and the project of shale gas exploration. Chairperson of the Supervisory Board of Energetyka sp. z o.o. and Member of the Supervisory Board of PeBeKa S.A.


Adam Sawicki


Executive Vice President, Corporate & International Affairs of KGHM Polska Miedź S.A. since September 2012. Graduate of the Business Administration and Economics Department of the Stockholm University. Postgraduate programs and specialist training in the United States, Switzerland and France, including High Potential Leadership – IMD, Lausanne; Leading Yourself Program – INSEAD; The General Manager Program – Harvard Business School; and Executive Program for Growing Companies – Graduate Business School, Stanford University. For 12 years (1996–2008) associated with a Scandinavian Group TeliaSonera where he began from a position of a Junior Consultant for Business Development; Subsequently, held a number of managerial positions, including Vice President for Central-Eastern Europe, General Manager of the TeliaSonera branches in Moscow and London and Vice President for Western Europe and North America. Between 2008–2011, President of the Management Board of GTS Central Europe, a group of telecommunications companies. Prior to joining KGHM, President of the Management Board of Ruch Internet SA. Additionally, Chairman of the Supervisory Board of Netpress Digital Sp. z o.o. and Chairman of the Board of Directors of KGHM INTERNATIONAL LTD.


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