As expected the new CEO of BZ WBK has been appointed yesterday during the supervisory board meeting. Successor of current CEO Jacek Ksen, Mateusz Morawiecki is currently a management board member of BZ WBK in charge of the Business Support Division. Jacek Ksen will retire at the end of April.
Our view: Mateusz Morawiecki was a candidate with a long-term experience in the BZ WBK. Therefore we see the news as slightly positive as the new CEO should be close to the current situation and strategy of the bank.