The Management Board of CIECH S.A. ("Company" or "Issuer"), with reference to Current Report No. 17/2018 of June 22, 2018, informs that on July 24, 2018, the Issuer's Supervisory Board selected the Chairman of the Issuer's Supervisory Board in the person of Mr. Sebastian Kulczyk, Deputy Chairman of the Supervisory Board of the Issuer in the person of Mr. Tomasz Mikołajczak and the Secretary of the Supervisory Board of the Issuer in the person of Mr. Mariusz Nowak.
At the same time, the Supervisory Board of the Issuer adopted a resolution under which it appointed members of the Audit Committee composed of: Piotr Augustyniak, Mr. Mariusz Nowak and Mr. Artur Olech. Piotr Augustyniak was elected by the members of the Audit Committee as the Chairman of the Audit Committee.
The Audit Committee in the indicated composition meets the independence criteria and requirements specified in art. 129 par. of the Act of 11 May 2017 on statutory auditors, audit firms and public supervision, i.e.:
1. at least one member of the Audit Committee possesses knowledge and skills in the field of accounting or auditing of financial statements,
2. at least one member of the Audit Committee possesses knowledge and skills in the field of the Company's industry
3. the majority of the Audit Committee members, including its Chairman, are independent of the Company. According to the detailed rule II.Z.8 of the "Code of Best Practice for WSE Listed Companies 2016", the Chairman of the Audit Committee meets the independence criteria set out in Annex II to the Recommendation of the European Commission 2005/162 / EC of February 15, 2005. concerning the role of non-executive directors or supervisory board members of listed companies and committees of the (supervisory) board. In addition, the Supervisory Board of the Issuer adopted a resolution under which it appointed members of the Remuneration Committee composed of: Mr. Tomasz Mikołajczak, Mr. Mariusz Nowak and Mr. Dawid Jakubowicz.
Information on education, qualifications and previously occupied positions along with a description of the professional work progress of the above mentioned persons were made public by the current report No. 17/2018 of 22 June 2018.
Legal basis: § 5 point 5) in conjunction with from § 10 item 3) of the Regulation of the Minister of Finance of 29 March 2018 regarding current and periodic information provided by issuers of securities and conditions for recognizing information required by law as equivalentthe rights of a non-member state.
Source: company website, investor relations, current and periodic reports.