Pekao President Resigns

15th April 2011

Pekao's president has announced her resignation

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Alicja Kornasiewicz, president of Poland’s second-largest lender bank Pekao SA, resigned this week from her post in an unexpected move.

The resignation was announced via the bank’s website although no official explanation has yet been given.

According to TVN24, in a unanimous decision, the board voted Luigi Lovaglio (current Vice-President) to take over the position as of May 1.

It is believed that Ms Kornasiewicz will continue to work for Bank Pekao’s majority shareholder, the Italian UniCredit group, although it is likely she will enter the boards of certain banks in Ukraine and Hungary, also controlled by UniCredit.

In addition to this, it has also been suggested that s ...

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