The Lidove Noviny Daily has made an announcement about a change on Unipetrol’s board. Pavel Mirovsky will replace Marek Mroczkowski as CEO. Mirovsky gained experience and credit as the highest ranking Czech manager in Poland. We see this information as neutral for today’s price.
Separately, PKN Orlen (owner of Unipetrol) is holding a conference call today at 16:30 CET (15:30 UK) “Update of PKN Orlen Strategy 2006 – 2009”. Dial +44 20 7162 0025.