The Ministry of State Treasury issued an official statement saying that there are no reasons to dismiss the CEO of KGHM, Krzysztof Skora, and that it is satisfied with his performance. The statement was a reaction to yesterday’s article in the daily Gazeta Wyborcza regarding his possible replacement by another PiS politician Andrzej Diakonow. Our view: It is in line with our scenario that the replacement is rather unlikely. We expect a neutral price reaction for the news.