Unipetrol holds EGM on SB member replacement today. Mr. Piotr Kownacki should become the Chairman of Unipetrol’s SB as a replacement for ex-PKN-CEO Mr. Igor Chalupec, who stepped down from the same function on 26 January 2007.
Our view:
This has been awaited for some time and it is common practice that the new group CEO assumes the positions of the previous CEO at the key subsidiaries. We don’t expect any trading impact based on this replacement.