Pekao hires new CEO

15th January 2010

Pekao have not had a permanent CEO since November

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The Italian owners of Pekao SA have strengthened their control over the operations of Poland's second largest bank by choosing a company insider with experience in both Polish banking and politics to run it.

Pekao announced on Tuesday that Alicja Kornasiewicz would take over the helm of the bank from acting CEO Luigi Lovaglio beginning on February 15.

The bank had been without a permanent head since Jan Krzysztof Bielecki resigned from the top post in late November amid rumours of conflicts between him and UniCredit, the Italian banking group that owns Pekao.

Kornasiewicz is currently responsible for UniCredit's investment banking operations in Eastern and Central Europe and sits o ...

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