According to advertisements in today's Rzeczpospolita, PGNiG’s supervisory board is looking for three new management board members for the company: CEO, CFO and deputy CEO responsible for investments. The deadline for job applications is January 31. The news is not really surprising, since the Treasury Ministry has already indicated a change of the CEO in November. Although it was not known, which other key managers would be replaced, the change of the CFO was also anticipated. The news should not affect the price, in our view.