Current Report No. 26/2019: Appointment of two Supervisory Board members

The Management Board of KRUK S.A. (the “Company”) announces that today, on May 31st 2019, the Company received a statement from Piotr Krupa, an entitled shareholder, on the exercise of the rights granted to him under Art. 11.5.b of the Company’s Articles of Association and appointment, with effect from June 25th 2019, of Mr Piotr Stępniak and Mr Krzysztof Kawalec as members of the Supervisory Board of the new term of office.
Below are presented the biographical notes of the new Supervisory Board members.
1. Piotr Stępniak
Mr Piotr Stępniak has a university degree. In 1992 he received a BA (Bachelor of Arts) degree from the University of Guelph, Canada. In 1995 he earned his MSM (Master of Science in Management) degree from the Purdue University, USA, and an EMBA (Executive Master of Business Administration) diploma from the Rouen Business School in France. He gained knowledge and experience working in managerial roles: (i) between 1985 and 1992 at Air Canada, Toronto, (ii) in 1992–1997 at PepsiCola Int’l, (iii) in 1998 at Bank Handlowy S.A. of Warsaw (iv) in 1999–2000 as Development Director at ARMARK, Toronto, Canada, (v) in 2000–2001 as Marketing Director, and in 2001–2005 as Vice President of the Management Board at Lukas S.A. and Lukas Bank S.A., (vi) in 2005–2008 as President of the Management Board at Getin Holding S.A. In addition, Piotr Stępniak has long-standing experience of serving on the supervisory boards of a number of companies: (i) in 2003–2004 he was a member of the Supervisory Board of Europejski Fundusz Leasingowy S.A.,(ii) in 2003–2007 a member of the Supervisory Board of TU Europa S.A.,(iii) in 2005–2006 a member of the Supervisory Board of Getin Leasing S.A.,(iv) in 2005–2008 a member of the Supervisory Board of Powszechny Dom Kredytowy in Wrocław S.A., Carcade Sp. z o.o. (Russia), Fiolet S.A. and Open Finance S.A.,(v) in 2007–2008 a member of the Supervisory Board of Prikarpattya Bank (Ukraine),(v) in 2006–2008 a member of the Supervisory Board of Noble Funds TF1 S.A.,(vi) in 2008–2009 a member of the Supervisory Board of Mikro Sp. z o.o., (vii) in 2008–2013 a member of the Supervisory Board of Skarbiec Asset Management Holding S.A.From 2005 to 2008 Piotr Stępniak served as Chairman of the Supervisory Board of Getin Bank S.A., while in 2006–2008 he held the position of Chairman of the Supervisory Board of Noble Bank S.A. Currently, he sits as a member on the supervisory boards of the following companies: ATM Grupa S.A., Kruk S.A., Nest Bank S.A., BFF Polska S.A., Asseco Business Solutions S.A., Grupa Kęty S.A. and ZE PAK S.A.
2. Krzysztof Kawalec
Krzysztof Kawalec, President of the Management Board of BFF Polska S.A., whose group is a member of the BFF Banking Group listed on Borsa Italiana. He has been with KRUK S.A. since 2001, currently as a member of the Supervisory Board of KRUK TFI S.A. Krzysztof Kawalec graduated from the Faculty of Organisation and Management at the Łódź University of Technology (having earned a Master of Science/Engineer degree in Business Administration). In 2002 Krzysztof Kawalec completed a post-graduate Enterprise Value Management programme at the Warsaw School of Economics, and then in 2003 – a post-graduate course in Management Accounting and Controlling at the same school. In 2006 Krzysztof Kawalec additionally completed an MBA at PAM Center of the University of Łódź, University of Maryland. In 1998−2001 he was employed as Manager at IFFP Sp. z o.o. (International Fast Food Polska Sp. z o.o.) of Warsaw. In 2001–2002 Krzysztof Kawalec headed the Contracts Department at Magellan S.A. In 2002–2003 he was a Member of the Company’s Management Board and CFO. In 2003 he became Vice President of the Company’s Management Board and Chief Operating Officer, and since July 1st 2008 he has served as President of the Management Board of Magellan S.A. He is also on the Supervisory Boards of Magellan Slovakia s.r.o. and MedFinance Magellan s.r.o., operating in Slovakia and the Czech Republic. Since 2009 he has been a member of the Supervisory Board of KRUK S.A. of Wrocław. The Supervisory Board member does not meet the independence criterion stipulated in Principle II. Z.4. of the Code of Best Practice for WSE Listed Companies 2016, but meets the independence criterion set out in the Act on Statutory Auditors, Audit Firms and Public Oversight of May 11th 2017 (Dz. U. of 2017, item 1089, as amended).
The Company further announces that neither Mr Piotr Stępniak nor Mr Krzysztof Kawalec are engaged in any business activity competing with the Company’s business, nor are they partners in any partnership under civil law or other type of partnership competing with the Company’s business, or members of the governing body of any company or other legal entity competing with the Company’s business, and are not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register of August 20th 1997.
Detailed legal basis: Par. 5.5 of the Regulation of the Minister of Finance of March 29th 2018 on current and periodic information to be published by issuers of securities […].