Legal basis: Art. 56 section 1 of the Polish Act on Public Offer - current and periodic information.
Subject: Appointment of the Company's Management Board for a new joint term of office.
VRG S.A. joint stock company with its registered office in Cracow ("the Company") informs that the Supervisory Board of the Company at a meeting held on May 25, 2020 elected the Company's Management Board for a new joint term of office beginning on the day following the day of the Annual General Meeting approving the Company's financial statement for the year 2019.
In accordance with the resolutions adopted by the Supervisory Board, the following were appointed to the Company's Management Board for a new, joint term of office:
Mr. Michał Wójcik for the position of the President of the Management Board;
Mr. Michał Zimnicki for the position of the Vice President of the Management Board from September 1, 2020;
Mr. Erwin Bakalarz as a Member of the Board.
Information on the professional biography, education and qualifications of Michał Wójcik
Mr. Michał Wójcik is a graduate of the University of Economics in Katowice (Faculty of Foreign Trade Department) . From 1992 till 1993 he worked at PHZ Stalexport. In the years 1993-1995 he worked at Unilever Polska. In the period from January 1996 to October 1998 he worked at Vistula S.A. as the Director of Trade and Marketing. In the period from October 1998 to January 2002 he worked at Vistula S.A. as the Vice-President of the Management Board. From January 2002 to June 2002 he worked at Vistula S.A. as the President of the Management Board. From June 2002 to January 2003 he worked at Vistula S.A. as the Vice-President of the Management Board. In the period from January 2003 to March 2006, he worked at Vistula S.A. as the President of the Management Board. From April 2006 to September 2006 he worked at Vistula S.A. as the Vice-President of the Management Board. In the period from October 2006 to December 2007 he worked at Vistula & Wólczanka S.A. as the Strategic Advisor of the Company. From January 2008 to July 2008 Mr. Michał Wójcik worked in Reporter S.A. as the President of the Management Board. In the period from July 2008 to October 2009 he worked in VRG S.A. (the former name of Vistula Group S.A) as the President of the Management Board.
In the period from May 2010 to June 2017 he was a Member of the Supervisory Board of Simple Creative Products S.A. From July 2010 to November 30, 2018 he worked at Bytom S.A. as the President of the Management Board. From November 30, 2018 to the present, he has been the Vice President of the Management Board of VRG S.A. In addition, Michał Wójcik is a member of the Supervisory Board of DCG S.A. subsidiary of VRG S.A.
Information on the professional biography, education and qualifications of Michał Zimnicki
Professional profile:
CFO with many years of practical experience gained in significant financial and business projects in companies with different business profiles. A person who combines practical knowledge in the field of finance with the ability to manage operational and strategic companies at the level of structures of the Management Board.
Education:
In 1996 - 2001 University of Economics in Krakow, Field: Finance and Banking, Specialization: Corporate Finance.
Professional Experience:
From II 2012 Marketing Investment Group S.A.
position: CFO, Member of the Board
company profile: a large capital group with a commercial profile, footwear and clothing industry, activities conducted in nearly 10 neighboring countries through stationary stores and an e-commerce channel.
VII 2006 - VI 2011 Lynka Sp. z o.o.
position: Financial Director, Member of the Board
company profile: medium-sized production, trade and service company, textile and promotional products industry.
October 2004 - June 2006 Mota-Engil Polska S.A.
position: Deputy Finance Director, Proxy
company profile: a large road and building construction company, developer
November 2003 - September 2004 Sheraton Warsaw Hotel Sp. z o.o.
position: Accountant then Chief Accountant
company profile: five-star Warsaw hotels - Sheraton and Westin
September 2001 - October 2003 PricewaterhouseCoopers Sp. z o.o.
position: Consultant, then Senior Consultant
company profile: consulting and auditing company
Information on the professional biography, education and qualifications of Erwin Bakalarz
Mr. Erwin Bakalarz is a graduate of the Faculty of History at the Jagiellonian University in Cracow. He also finished post-graduate studies at the School of Entrepreneurship and Management at the Cracow University of Economics. Mr. Erwin Bakalarz also studied at the Faculty of Law and Administration of the Jagiellonian University in Cracow. In 1997 Mr. Erwin Bakalarz joined the Company in the following positions: an employee of the logistics department, assistant to the President of the Management Board, Management Board assistant and manager of the Organizational Office, Director of the Management Board office. In the years 2006-2015 Mr. Erwin Bakalarz was a proxy in the Company. From April 1, 2015, Mr. Erwin Bakalarz was appointed as a Member of the Company's Management Board.
In the past, Mr. Erwin Bakalarz was, among others, a member of supervisory boards of Staszów Best Sp. z o. o. with headquarters in Staszów and Trend Fashion Sp. z o. o. based in Myślenice. In addition, Mr. Erwin Bakalarz performed, among others, the function in the Management Board of W.KRUK S.A. based in Cracow. Currently, Mr. Erwin Bakalarz is the President of the Management Board of VG Property Sp. z o. o. with its registered office in Cracow, a subsidiary of the Company.
In accordance with the statements submitted, the above-mentioned persons appointed to the Management Board of the Company for the period of new joint term of office do not conduct any business activity competitive to the business of the Company nor do they participate in any business competitive in respect of the Company as partners of a civil law partnership, partnership or as members of a body of a competitive capital company or as members of a body of any competitive legal person and are not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.