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78/2013 Smooth CEO succession at TP S.A. - Orange Polska

Based on art. 56, clause 1, item 1 of the Law of July 29, 2005 on public offering and the conditions for introducing financial instruments to the organised trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539 as amended), the Management Board of Telekomunikacja Polska S.A. (‘Orange Polska’, ‘TP S.A.’, ‘Company’) announces that it has been informed of the planned resignation of a managing person and of planned changes in the Supervisory Board. 

Smooth CEO succession at TP S.A.: Orange SA will propose Bruno Duthoit as the new Chief Executive Officer and Maciej Witucki as Chairman of TP S.A.’s Supervisory Board.

July 24, 2013: Maciej Witucki, President of the Management Board and Chief Executive Officer, has informed the Company that within the next few months he intends to step down from his current position. Orange SA – the majority shareholder – has informed the Company that it will propose Bruno Duthoit as the new President of the Management Board and Chief Executive Officer. 

Furthermore, Professor Andrzej K. Koźmiński has informed the Company that he intends to resign from the position of Chairman of the Company’s Supervisory Board, while remaining an Independent Director of the Supervisory Board.   

Orange SA will propose Maciej Witucki as the new Chairman of TP S.A.’s Supervisory Board, and Professor Andrzej K. Koźmiński as a Vice-Chairman of the Supervisory Board of TP S.A.

Commenting on his decision, Maciej Witucki said “We have a new strategy in place since the beginning of the year. The first results show that it is beginning to work. We have at our disposal new levers, such as the convergent Orange Open offer, the nju.mobile brand, and the best network, which we will achieve through the Radio Access Network sharing project. Because I have already served nearly seven years as the CEO of Orange Polska, the majority shareholder and I have agreed that the successful start of our new strategy is the right time for me to pass the baton on.

In the next few months I will hand the Chief Executive Officer position to my successor. During this phase I will be managing the Company full time as before, taking it through a smooth and well managed transition.

 

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