Polish vice-minister of treasury quits with eye on post of WSE president

By bne IntelliNews June 9, 2014

PM Donald Tusk has accepted the resignation of vice-minister of treasury Pawel Tamborski in connection with the latter's decision to bid for the post of president of the Warsaw Stock Exchange (WSE).

Minister of treasury Wlodzimierz Karpinski hailed the decision underlying Tamborski's experience and authority on the capital markets. WSE's AGM is due to pick the new president on Jun 26.

Tamborski was vice-minister of economy since January of 2012. Earlier, he was, among others, investment banking head at Wood & Company (2010-2012) and managing director at UniCredit CAIB Securities in London (2008-2010).

Current WSE president Adam Maciejewski also declared his willingness to bid for the post again.

The state treasury still holds 35.00% of shares in WSE, translating into 51.74% of voting power.

Related Articles

Protests against judiciary reform continue to rock Poland

Polish protests against the government's judiciary reforms continued for a sixth day on July 23, as crowds sought to add to pressure on President Andrzej Duda to veto the controversial bills that ... more

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Strongly profitable Czech petrochemical maker Unipetrol puts cracker explosion behind it

Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more