A senior personnel change at PGE has unfolded as the Minister of State Assets, Borys Budka, announced on social media that Zbigniew Gryglas has been removed from the supervisory board of PGE SA. The post was made on Friday evening and confirmed new directions for the state controlled energy group as part of ongoing governance adjustments across the state portfolio.
The ministry’s announcement stated that Gryglas would no longer serve on the Supervisory Board of PGE SA, effective December 29, 2023. The statement also explained that the resignation was filed in line with paragraph 20 5 of the company’s articles of association, which allows the Ministry of Finance to appoint and dismiss one member of the board through a written submission to the company’s Board of Directors.
In response, PGE indicated that an extraordinary general meeting would be convened for January 31, 2024. The agenda for that meeting will include decisions about changes in the composition of the Supervisory Board, signaling forthcoming shifts in the governance structure of the energy group.
Gryglas’s response
The former supervisory board member commented on the decision, noting a background of significant professional credentials. He highlighted his experience spanning three faculties, an internship at the European Commission DG Energy, twelve years in corporate governance, and his role as chairman of the Offshore Wind Energy Team. The inquiry remained focused on whether the decision reflected substantive considerations or broader strategic aims, prompting Gryglas to pose the question of whether the move truly represented a meaningful shift in the company’s direction.
The exchange underscores the broader narrative of how Poland aligns its state assets with changing economic priorities. Observers are watching to see how the board’s future composition will influence PGE’s strategy in areas like energy transition, regional investment, and the company’s governance practices. The developments come amid ongoing discussions about the role of the state in steering critical infrastructure and how leadership changes translate into measurable performance outcomes for the energy sector. [Source: wPolityce] [Source: PAP]
Both the ministry and the company are proceeding with the formal steps required by corporate governance norms. The situation is being monitored by market participants who expect further disclosures about the implications for PGE’s strategic plan and its capital allocation framework in the coming weeks. As the process unfolds, stakeholders anticipate details on how the new Supervisory Board will guide the company through regulatory changes, investment cycles, and the push toward a more sustainable energy mix. [Source: wPolityce] [Source: PAP]
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