Current Report No. 14/2020: Appointment of Management Board member

The Management Board of KRUK S.A. (the “Company”) announces that on May 28th 2020 the Company’s Supervisory Board, as requested by the President of the Management Board, passed a resolution to appoint, with effect from May 29th 2020, Piotr Kowalewski as member of the Company’s Management Board for a joint term of office.

Information on the new Management Board member:

Piotr Kowalewski

Piotr Kowalewski began his professional career at KRUK S.A. in 2004 as an analyst. In 2006, he was promoted to become head of the first operational Analysis Department, which he managed until 2008. Next, he took charge of the Purchased Debt Department, where he co-created and managed the implementation of the amicable settlement strategy. Since 2015, as Debt Management Director, he has been responsible for the development of the KRUK Group’s retail debt portfolio strategy and for the oversight of its implementation, including management of both amicable and court settlement processes, as well as for cooperation with Operations Directors in each of the countries where the Group is present. Piotr Kowalewski graduated from two Wrocław-based universities. In 1999-2004, he completed a Master’s degree at the then University of Economics, majoring in econometrics for managers. At the same time, in 2001-2006 he obtained a Master’s degree in engineering at the Wrocław University of Technology, majoring in Computer Science and Management. He has also completed post-graduate courses in Psychology in Business at WSB University. At the KRUK Group, Piotr Kowalewski is responsible for areas related to the management of purchased debt portfolios.
The Company also announces that, according to his representation, Piotr Kowalewski does not conduct any activities competing with the Company’s business, nor is he a partner in any competing partnership under civil law or another type of partnership, or a member of the governing body of any other competing legal entity. Piotr Kowalewski is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.

Legal basis: Par. 5.5 of the Regulation of the Minister of Finance of March 29th 2018 on current and periodic information […]