Polish energy group Orlen SA’s supervisory board this week dismissed company CEO Daniel Obajtek from the management board, effective at COB on Feb. 5, according to a company filing. Earlier in the week, Obajtek had placed himself at the disposal of the supervisory board.
In December, Poland’s new Minister of State Assets Borys Budka said he expected the speedy resignation of Obajtek as CEO of Orlen. The minister’s comments followed Obajtek’s public statement that he would stand down from the position in the event of a change of government. Poland started 2024 with a new government, with Donald Tusk’s Liberal progressive coalition replacing the Conservative PiS (Law and Justice) party that had ruled Poland for eight years.
Orlen in June last year signed a cooperation and non-disclosure agreement with Polish fertilizer and chemicals producer Grupa Azoty SA for the potential acquisition of Azoty’s Zakłady Azotowe Puławy subsidiary (GM June 9, 2023). However, Azoty in November reported it would start talks aimed at ending the potential takeover of Puławy (GM Nov. 22, 2023).