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Polski Koncern Naftowy Orlen SA (PKN.WA)

PKN.WA on Warsaw Stock Exchange

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Summary

Name Age Since Current Position

Izabela Felczak-Poturnicka

2018 Chairman of the Supervisory Board

Daniel Obajtek

42 2018 Chairman of the Management Board, Chief Executive Officer

Radoslaw Kwasnicki

2018 Independent Vice Chairman of the Supervisory Board

Wieslaw Protasewicz

2017 Member of the Management Board, Chief Financial Officer

Jozef Wegrecki

2018 Member of the Management Board for Operations

Jadwiga Lesisz

2018 Independent Member of the Supervisory Board, Acting Member of the Management for Investment and Purchase

Zbigniew Leszczynski

40 2016 Member of the Management Board for Sales

Armen Artwich

2018 Member of the Management Board for Corporate Affairs

Patrycja Klarecka

2018 Member of the Management Board for Trade

Michal Rog

2018 Member of the Management Board for Wholesale and International Trade

Mateusz Bochacik

2018 Independent Secretary of the Supervisory Board

Wojciech Krynski

2017 Independent Member of the Supervisory Board

Agnieszka Biernat-Wiatrak

2018 Member of the Supervisory Board

Andrzej Kapala

2018 Member of the Supervisory Board

Malgorzata Niezgoda

2018 Member of the Supervisory Board

Anna Wojcik

2018 Member of the Supervisory Board

Iwona Waksmundzka

2018 Director of the Investor Relations Office

Biographies

Name Description

Izabela Felczak-Poturnicka

Ms. Izabela Felczak-Poturnicka has been Chairman of the Supervisory Board of PKN ORLEN SA since February 2, 2018. She was Member of the Supervisory Board of PKN ORLEN SA from June 30, 2017. She is Member of the Audit Committee, the Strategy and Development Committee and the Corporate Social Responsibility Committee at the Company. She graduated from the Faculty of International Trade and the Faculty of Global Economics of Wyzsza Szkola Handlu i Prawa im. Ryszarda Lazarskiego and holds a Ph.D. degree in Management and Finance from Szkola Glowna Handlowa w Warszawie. She also completed postgraduate studies in company valuation methods at Szkola Glowna Handlowa w Warszawie. Since 2005, she has been Member of the Center of Information and Organization of Research on Public Finances and Tax Law in the Countries of Central and Eastern Europe by the Department of Law of the University of Bialystok. She is also an author and a co-author of science publications in economics. She is a certified internal auditor of ISO 9001 quality management systems. Currently, she is a Minister’s Councilor coordinating the work of the Ownership Policy Team at the Ministry of Energy. From 2005 to 2016 she held different positions at the Ministry of Treasury. In 2016 she performed the duties of the President of the Management Board of Polski Holding Nieruchomosci S.A. She is currently President of the Supervisory Board of Polski Holding Nieruchomosci S.A. As a State Treasury representative, she has been a Member of the Supervisory Boards of Jastrzebska Spolka Weglowa S.A, ZEW Niedzica S.A., MERAZET S.A., Z.Ch. ZACHEM S.A. and MERITUM BANK ICB S.A. Ms. Felczak-Poturnicka has experience in ownership supervision over strategic companies. She participated in performing many transactions on the capital market, including the IPOs of GPW S.A., JSW S.A., PZU S.A. at the Warsaw Stock Exchange. She has experience in financial audit, implementation of restructuring programs and assessment of the effectiveness of investment projects in companies.

Daniel Obajtek

Mr. Daniel Obajtek has been Chairman of the Management Board and Chief Executive Officer of PKN ORLEN SA since February 6, 2018. He is responsible for audit, financial control and management of corporate risk, head office, the capital group, crude oil and gas trade, human resources, corporate communication, control and safety, marketing, legal department, relations with local communities, strategy, management of regulatory risk at the Company. He served as Chairman of the Management Board of ENERGA SA from February 2017 until February 5, 2018. Since 1999 he has been active in private companies in which he served for seven years in management and directorship roles; he also co-founded one company. From 2002 to 2006 he was a town council Member in the Municipality of Pcim. After that, from 2006 to 2015 he served as its mayor. In 2015 he began his tenure as the President of the Agriculture Restructuring and Modernization Agency. Since 2016 he has also acted in the capacity of the Supervisory Board Chairman of LOTOS-Biopaliwa Sp. z o.o. and Supervisory Board Member of DALMOR S.A.

Radoslaw Kwasnicki

Mr. Radoslaw Leszek Kwasnicki has been Independent Vice Chairman of the Supervisory Board of PKN Orlen SA since March 14, 2018. He was Vice Chairman of the Supervisory Board at the Company from February 8, 2016. Prior to that, he was Member of the Supervisory Board at the Company from May 15, 2014. He is Member of the Audit Committee, Member of the Strategy and Development Committee and has been Member of the Corporate Governance Committee and the Corporate Social Responsibility Committee at the Company. He is Solicitor, Managing Partner in the Office of RKKW-Kwasnicki, Wrobel & Partnerzy. In 2011, he received recommendation of Global Law Experts, while in 2010, he was awarded by European Legal Experts. Between 2010 and 2012, he served as president and then as Vice-President of the Permanent Court of Arbitration at the District Chamber of Legal Advisers in Warsaw. Since 2010, he has been Arbitrator of the Court of Arbitration at the Polish Chamber of Commerce, the Arbitration Court at the Confederation of Leviathan and the International Court of Arbitration of the International Chamber of Commerce (ICC) in Paris. Mr. Kwasnicki is Member of the Corps of Polish Institute of Directors, and is entered on the list of candidates for Professional Members of the Supervisory Board of the Polish Institute of Directors. He is also editor and author, and co-author of several books and commentaries, and over three hundred other publications or speeches devoted to the practical aspects of business law, a member of the Editorial Board of "Trade Law Monitor", Lecturer in courses for trainee solicitors (District Chamber of Legal Advisers in Warsaw).

Wieslaw Protasewicz

Mr. Wieslaw Tomasz Protasewicz has been Member of the Management Board and Chief Financial Officer of PKN ORLEN SA since July 1, 2017. He is responsible for business controlling, supervision of infrastructure safety and information, planning and reporting, taxes, investor relations, finance management, supply chain management at the Company. He was Member of the Supervisory Board of PKN Orlen SA from June 3, 2016 until June 29, 2017. He was Member of the Audit Committee and Chairman of the Strategy and Development Committee at the Company. He is a graduate of the Faculty of Production Economics at Szkola Glowna Planowania i Statystyki (currently Szkola Glowna Handlowa w Warszawie). He completed postgraduate studies in accounting at Akademia Leona Kozminskiego. He started his professional career in 1978. In 1982-1990, he was employed at Mostostal Siedlce, where he was involved in production planning and then exports. In 1990-1994, he worked at the Siedlce Provincial Authority as head of the Economic Development Department, and from 1993 was the Siedlce Province Governor. In 1994, he started working for commercial companies in Warsaw, where he held the position of Chief Financial Officer. In 1998, he was appointed to the Management Board of PKP and then of PKP S.A., where he served as Vice President of the Management Board responsible for economics and finance. From 2003, he sat on the Management Board of Miejskie Zaklady Autobusowe Sp. z o.o. in Warsaw and was in charge of the economics and finance division, marketing, and implementation of IT projects. At the end of 2007, he was appointed Vice President of the Management Board of Polskie Sieci Elektroenergetyczne Operator S.A. in Warsaw. In 1992-2009, he served on the Supervisory Boards of many commercial companies, including Hydrobudowa-6 S.A. of Warsaw, WARS S.A. of Warsaw, PKP Przewozy Regionalne Sp. z o.o. of Warsaw, and PSE Centrum S.A. of Warsaw, mostly in the capacity of Chairman.

Jozef Wegrecki

Mr. Jozef Wegrecki has been Member of the Management Board for Operations at PKN Orlen SA since March 23, 2018. Prior to this, he was Acting Member of the Management Board for Investment and Procurement and Member of the Supervisory Board at the Company from February 5, 2018 until March 22, 2018. He was responsible for administration, health and safety, innovations, environmental protection, realization of property investments, development and technology, procurement at the Company. He has been Vice Chairman of the Management Board of Energa Wytwarzanie S.A. since June 2017. From April 1993 to June 2017 he was Chairman of the Management Board, Member of the Management Board and co-founder of Remak-Krak Sp. z o.o. Between 1990 and 1993 he served at Spolka Pracownicza Remak Opole as Vice Chairman of the Management Board and Member of the Management Board and between 1978 and 1990 he served at Zaklad Remontowy Energetyki Krakow. In 1978 he graduated from Akademia Gorniczo-Hutnicza im. Stanislawa Staszica w Krakowie.

Jadwiga Lesisz

Ms. Jadwiga Lesisz has been Independent Member of the Supervisory Board of PKN ORLEN SA since February 2, 2018. She has served as Acting Member of the Management for Investment and Purchase at the Company since March 22, 2018. She is Member of the Audit Committee and Chairman of the Corporate Social Responsibility Committee at the Company. From 2012 to 2016 she served at PKO Bank Polski S.A. From 2016 to 2017 she was Director of the Project Management Department and Member of the Audit Committee at the Ministry of Development. She is Deputy Chairman of the Management Board of Polska Agencja Rozwoju Przedsiebiorczosci. She graduated from Uniwersytet Ekonomiczny we Wroclawiu in Foreign Trade, completed postgraduate studies at Politechnika Wroclawska and completed MBA studies at Wyzsza Szkola Bankowa we Wroclawiu in cooperation with Franklin University USA.

Zbigniew Leszczynski

Mr. Zbigniew Mariusz Leszczynski has been Member of the Management Board for Sales of PKN ORLEN SA since February 8, 2016. He is responsible for efficiency and development of sales, refining products wholesale, petrochemical products wholesale, logistics, retail sale at the Company. He obtained Masters degree in Finance and Accounting from Uniwersytet Warszawski. Moreover, he completed postgraduate studies at Szkola Glowna Handlowa w Warszawie, Uniwersytet Mikolaja Kopernika w Toruniu and Wyzsza Szkola Przedsiebiorczosci i Zarzadzania im. Leona Kozminskiego. Currently, he serves as Chairman of the Management Board of Wodociagi i Kanalizacja w Opolu Sp. z o.o. and Vice President of Warsaw Institute Foundation. In the past, he was Owner of LVL Zbigniew Leszczynski Company, Director of Sales and Marketing Department at Kompania Weglowa S.A., President of Wisla Plock S.A., Manager of Distribution Channels and Sales Administration Department at PKN ORLEN and President of Rynex Sp. z o.o., among others.

Armen Artwich

Mr. Armen Konrad Artwich has been appointed Member of the Management Board for Corporate Affairs of PKN Orlen SA effective as of September 1, 2018. He is a legal counsel. He graduated, with distinction, from Law and Administration at Uniwersytet Warszawski, law studies and from Szkola Glowna Handlowa w Warszawie, finance and accounting. He studied also company and commercial laws at University of Sheffield, School of Law. He completed attorney application at the Warsaw Bar Association. Since January 2018 he has been Director of the Legal Department in the Chancellery of the Prime Minister. Earlier, in the years 2016-2018 as deputy director of the Department of Improvement of Economic Regulations in the Ministry of Development he was responsible for, among others, legislative projects from economics law and substantive supervision over the Central Office of Measures and the Polish Centre of Accreditation. At the same time since July 2016 he has been Member of the Polish Financial Supervision Authority (representative of the minister competent for economy). In 2011-2016 he was employed in the Legal Area of Bank Zachodni WBK S.A., where he was responsible for legal services for investment banking in Global Banking & Markets Division.

Patrycja Klarecka

Ms. Patrycja Klarecka has been appointed Member of the Management Board for Trade at PKN ORLEN SA since June 24, 2018. She graduated from Uniwersytet Ekonomiczny w Poznaniu in economy policy and enterprises strategy. Over the last two years she has held a position of the President at the Polish Agency for Enterprise Development (PARP), the highest government agency in Poland supporting SME sector development. She has professional experience in the following sectors: finance, media and education, including 17 years of experience on managerial positions in the companies such as: the Warsaw Stock Exchange (2014-2016), Bank Zachodni WBK (2010-2014), Polish Television (2004-2010), PZU (2002-2004). She launched several complex business, marketing and innovation projects. Previously she worked, among others, as a lecturer at the College of Journalism in Warsaw and as a consultant at WSB University in Poznan. She was a member of supervisory boards: WSE Foundation and IAB Polska and the member of management board of PZU Charity Foundation. She represented TVP in Crossmedia Group at the European Broadcasting Union.

Michal Rog

Mr. Michal Rog has been appointed Member of the Management Board for Wholesale and International Trade of PKN Orlen SA effective as of September 1, 2018. He is a graduate of Uniwersytet Ekonomiczny w Krakowie, Management and Marketing faculty and from the Canadian International Management Institute and Harvard Business School. He has over 20 years of experience with TELE-FONIKA KABLE S.A. where held the positions of: Sales Vice President for Distribution and Energy Sector, Sales and Product Development Director for Medium and High Voltage Products, Sales Director for the Balkan Market, Domestic Trade Director, Head of the Domestic Market Office. Since March 2018 he has been Management Board Member, responsible for Trade at ORLEN OIL Sp. z o.o. in Cracow. Since April 2018 he has acted as Management Board Member in Paramo a.s. in Pardubice, Czech Republic.

Mateusz Bochacik

Mr. Mateusz Henryk Bochacik has been Independent Secretary of the Supervisory Board of PKN Orlen SA since February 26, 2018. He was Secretary of the Supervisory Board at the Company from February 8, 2016. Prior to that, he was Member of the Supervisory Board of the Company from January 29, 2016. He is Member of the Nominating and Remuneration Committee, the Audit Committee, the Corporate Governance Committee at the Company. He graduated in Law and History from Uniwersytet Jagiellonski, Krakow. In 2013 he passed advocate exam and was entered on the list of advocates conducted by the Regional Council of Advocates in Cracow. He is an advocate and conducts his own legal office in Cracow specializing in civil, economic and administrative law. During his practice he represented public persons as well as private ones, among others commercial companies, local government units and journalists.

Wojciech Krynski

Mr. Wojciech Krynski has been Independent Member of the Supervisory Board of PKN ORLEN SA since June 30, 2017. He is Member of the Nomination and Remuneration Committee and Chairman of the Audit Committee at the Company. He is one of the founders and a Partner at Ground Frost. He has many years of experience in the application of international and American accounting principles. He has been related with international accounting since 1998. He led numerous projects in Poland, Ukraine, Croatia, Greece, Romania, Ghana and Nigeria. In the past, he worked in the international auditing company and in the financial departments of international companies. At Ground Frost Mr. Krynski coordinates consulting in accounting according to the IFRS and US GAAP, financial modeling, and relationships with key clients. On daily basis he deals with business valuations, estimation of fair value of intangible assets, share-based payments and financial instruments. He participated in advisory projects aimed at creating accounting structures and accounting procedures for hedge accounting in Polish and Romanian companies. He is responsible for formulating of the accounting policies of listed companies and also participates in preparation of agreements that are later reflected in accounting. Mr. Krynski also participates in the transactions of mergers and acquisitions, in which he overviews valuations, the processes of due diligence and preparation of share purchase agreements (SPA). He is a regular advisor to many listed companies. He graduated from Uniwersytet Lodzki in Finance and Banking, and completed postgraduate studies in Accounting and Financial Management at Uniwersytet Lodzki. He holds a certificate of ACCA (Association of Chartered Certified Accountants).

Agnieszka Biernat-Wiatrak

Ms. Agnieszka Biernat-Wiatrak has been Member of the Supervisory Board of PKN ORLEN SA since February 2, 2018. She is Member of the Strategy and Development Committee and Chairman of the Corporate Governance Committee at the Company. She graduated in Real Estate Management and Economic Management from Uniwersytet Warszawski, where she also completed postgraduate studies in IT Project Management. She has served at Exorigo-UPOS and has acted as Secretary of the Supervisory Board of Energa Operator SA.

Andrzej Kapala

Mr. Andrzej Kapala has been Member of the Supervisory Board of PKN ORLEN SA since June 26, 2018. He holds an MBA degree in Enterprise Management from Wyzsza Szkola Zarzadzania i Bankowosci w Poznaniu and completed postgraduate studies in Human Resource Management and Financial Management at Akademia Ekonomiczna we Wroclawiu (currently Uniwersytet Ekonomiczny we Wroclawiu). He has been Director of the Office of Administration at PKO Bank Polski.

Malgorzata Niezgoda

Ms. Malgorzata Niezgoda has been Member of the Supervisory Board of PKN ORLEN SA since February 2, 2018. She was Member of the Supervisory Board at PKN ORLEN SA from January 5, 2018 until February 1, 2018. She is Member of the Strategy and Development Committee, Chairman of the Nomination and Remuneration Committee at the Company. She graduated in Environmental Engineering from Szkola Glowna Gospodarstwa Wiejskiego. For 21 years she has been active within public administration. She is currently Director of the Department of Supervision and Property Policy in the Ministry of Energy. From February 2015 till December 2015 she was employed at the Ministry of Treasury as Assistant Director of the Department of Restructuring and Public Assistance and later worked at the department of Key Enterprises. From November 2014 till February 2015 she ran the Mining Department at the Ministry of Economy. From 1996 till 2014 she worked at the Ministry of Treasury. In 1996 she was employed at the Ministry of Privatization. Since 2001 she has been on the Supervisotry Boards of ENEA S.A. (Chairman), Kompania Weglowa S.A. (Chairman), RADIO GDANSK S.A. w Gdansku (Vice Chairman), Zespol Elektrowni Wodnych Niedzica S.A., PERN S.A., Lurgi Bipronaft S.A., Wydawnictwo Poznanskie Sp. z o.o. (Vice Chairman). She is currently Member of the Supervisory Board of PGE TFI S.A.

Anna Wojcik

Ms. Anna Wojcik has been Member of the Supervisory Board of PKN ORLEN SA since June 26, 2018. In 1998 she obtained Bachelors degree in Administration from Wyzsza Szkola Zarzadzania i Bankowosci w Poznaniu and in 2000 Masters degree in Administration from Uniwersytet Warszawski. Moreover, she holds an MBA degree from Warszawska Wyzsza Szkola Biznesu (2018). Since 2018 she has served at the Chancellery of the Prime Minister as Director of the Office of the Prime Minister. Prior to that, she served as Director of the Minister's Office at the Ministry of Development and the Ministry of Finance. From 2013 to 2016 she was Chief Operations Officer at EXEQ Sp. z o.o. She was Assistant to the Chairman of the Management Board of Sangroup Sp. z o.o., Reescon Sp. z o.o. and Cardinall Agency Ltd. She was also Administration Specialist at Przedsiebiorstwo Handlu Zagranicznego "Universal" S.A.

Iwona Waksmundzka