Ministerial merry-go-round at Polish copper miner KGHM | beyondbrics:
"Normally carousels are for children but in Poland they are enjoyed by grown-ups, particularly when it comes to top jobs in companies where the state treasury has a significant stake.
It has become a hallowed tradition in Poland for every new minister to clear out senior executives installed by his predecessor and put in his own people. Although Poland’s Civic Platform government promised to tone down the practice when it came to power six years ago,it is still going strong – as evidenced by a purge at copper miner KGHM.
In a surprise announcement on Monday evening, the company said three senior executives would be leaving – one of them, Dorota Wloch, even left the management board for “personal reasons” according to a KGHM news release. The other two heading for the exits are Wlodzimierz Kicinski, responsible for finance, and Adam Sawicki, who was keeping an eye on KGHM’s recent international acquisitions."
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