Body of the report:
The Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”, “JSW S.A.”) hereby announces that on 31 March 2015 the Company received declarations from the majority shareholder, the State Treasury, represented by the State Treasury Minister, on simultaneous dismissal, effective as of 31 March 2015, of Mr. Józef Myrczek – Supervisory Board Chairman and Mr. Alojzy Nowak – Supervisory Board Member, and reappointment, effective as of 31 March 2015, of Mr. Józef Myrczek and Mr. Alojzy Nowak to the Company’s Supervisory Board as Supervisory Board Members.
Mr. Józef Myrczek graduated from the Wrocław University of Technology in applied mathematics with an M.Eng. degree in fundamental technological research in 1980. In 1984, he earned a Ph.D. degree and later, in 1999, a postdoctoral degree (habilitation) in chemistry. Furthermore, he completed numerous courses and additional studies in banking, finance and risk management, both in Poland and abroad. In 1980-1993, was a doctoral student and subsequently an assistant professor at the Wrocław University of Technology. In 1991-1992, he was a postdoc fellow at the University of Houston, Texas. From 1993 to 2005, he worked at Bank Polskiej Spółdzielczości S.A., including as Deputy CEO in the years 2003-2005. In 2005-2011, he was a member of the Supervisory Board of Bank Polskiej Spółdzielczości S.A., including as the Chairman of the Supervisory Board and the Chairman of the Audit Committee. Currently, he is an associate professor at the University of Technology and Humanities in Bielsko-Biała. Also currently, he is the President of the Management Board of Śląski Bank Spółdzielczy “Silesia” in Katowice, Deputy Chairman of the Supervisory Board of the brokerage house Dom Maklerski BDM S.A., a member of the Audit Committee of the Archdiocese Hospice in Katowice and the President of the Scientific Council of the “ORGMASZ” Organization and Management Institute.
In 2002, Mr. Alojzy Nowak gained the title of Professor of Economics. Since 2012, he has been Vice Rector for Scientific Research and Cooperation at the University of Warsaw, the Head of the National Economy Faculty and the Institute for International Economic Relations at the Department of Management of the University of Warsaw and the Faculty of Finance at the Leon Koźmiński Academy in Warsaw. Chairman of the Scientific Board of the European Center at the University of Warsaw. He completed studies in banking and finance at the University of Exeter in the United Kingdom and economics at the University of Illinois at Urbana Champaign in the United States and the Free University of Berlin in Germany. Member of the Scientific Research Committee of the National Bank of Poland and member of the NewConnect advisory committee to the Management Board of the Warsaw Stock Exchange. His academic interests are focused on banking, international economic relations and risk management in financial markets. His Ph.D. dissertation concerned monetary policy issues and his habilitation dissertation concerned finance and banking issues. Author of more than 170 scientific publications on the processes of regional integration and monetary unions, foreign investments, business cycles, banking and international economic relations issued by Polish and foreign publishers and scientific journals. Member of program councils and editorial boards of a number of Polish and foreign scientific journals, including Gazeta Bankowa, Journal of Interdisciplinary Economics, Cross-Cultural Management, Yearbook on Polish European Studies and Problemy Zarządzania, etc. Lecturer of subjects such as banking, commercial bank, money and money markets, economic analysis of the European Union, European Union's finances on Polish and foreign universities in the United States, United Kingdom, France, Germany and Russia. Recipient of many awards for academic achievements, including, among other things, the Award of the Minister of National Education for the book "Banks and households – rate of development" and the book "European Union – an opportunity for Poland" Head of projects funded by the European Union, NATO and the State Committee for Scientific Research (KBN).
The aforementioned persons appointed to the Supervisory Board, according to their representations, are not involved in any activities competitive to those they perform at JSW S.A. They are not partners in any civil law company or partnership, nor are they members of any corporate body of a joint stock or limited liability company, nor are they involved in any other competitive legal person as members of its corporate body. They are not listed in the Register of Insolvent Debtors kept pursuant to the National Court Register Act.
Legal basis: § 5 Section 1 Items 21 and 22 of the Regulation issued by the Finance Minister on 19 February 2009 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for Recognizing the Information Required by the Regulations of a Non-Member State as Equivalent.