Changes in the Management Board and Supervisory Board of ORLEN S.A.

ORLEN S.A. (“Company”) announces that on 14 May 2024 Mr. Witold Literacki resigned from the Company's Management Board and from the function of Vice-President of the Management Board of ORLEN S.A. and first deputy of the President of the Company's Management Board with effect on the end of the day of 15 May 2024.

Resignation of Mr. Witold Literacki is presented below:

“In relation to my appointment by the Minister of the State Assets, effective from 6 February 2024 for the Member of ORLEN Management Board of the current term of office, according to § 9 item 1 point 3 of the Company’s Articles of Association and entrusting me, by ORLEN Supervisory Board, with the duties of the Vice-president of the Management Board for Corporate Affairs and the duties of the first deputy of the President of ORLEN’s Management Board with effect from 11 April 2024, I hereby declare that I submit a resignation from the Company’s Management Board and from the function of the Vice-president of ORLEN Management Board and from the function of the first deputy of the President of the Management Board of the Company under the name ORLEN Spółka Akcyjna with effect on the end of the day of 15 May 2024.”

 

Moreover, on 14 May 2024 Mr. Ireneusz Sitarski submitted resignation from the function of ORLEN Supervisory Board Member with effect on the end of the day of 15 May 2024.

 

The Company’s Supervisory Board at its meeting on 14 May 2024, appointed to the composition of the Company’s Management Board with effect on the start of the day of 16 May 2024 the following persons:

·       Mr. Witold Literacki for the position of Vice-president of the Management Board, Corporate Affairs,

·       Mr. Ireneusz Sitarski for the position of Vice-president of the Management Board, Retail Sales,

for the common term of office, which ends on the date of the Ordinary Shareholders Meeting that will approve the Company’s financial statement for 2025.

Mr. Witold Literacki

From 6 February 2024 in the composition of the Management Board of ORLEN S.A.

Mr. Witold Literacki graduated from the Faculty of Social Sciences at the University of Silesia in 1994. In 2006, he completed an MBA programme at the Lublin School of Business run in cooperation with the University of Central Lancashire, UK.

He is an expert in finance and taxes. For many years, his career has been closely linked to the fuel and energy industry. He has gained managerial experience in both foreign and Polish companies, including PKN ORLEN S.A.

In 2022–2023, Mr. Literacki served as Chief Financial Officer at PERN S.A., following his role as Chief Financial Officer at Warszawskie Zakłady Mechaniczne PZL-WZM w Warszawie S.A. from 2020 to 2022. Before that, for 12 years until 2020, he headed the Tax Office at PKN ORLEN S.A. In 2007–2008, he served as Tax Manager at RWS Stoen S.A. His career also included the positions of Senior Tax Control Manager at Carrefour Polska Sp. z o.o. from 1999 to 2007 and consultant at Arthur Andersen Sp. z o.o. from 1997 to 1999. From 1990 to 1997, he worked as an inspector at the Tax Inspection Department of the Zabrze Tax Office.

 

Mr. Ireneusz Sitarski

From 6 February 2024 in the composition of the Supervisory Board of ORLEN S.A., and from 17 February 2024 to 10 April 2024 temporarily delegated to act as Member of the Management Board of ORLEN S.A.

Mr. Ireneusz Sitarski graduated with a master’s degree in economics from the Faculty of Foreign Trade of the Central School for Economic Planning and Statistics in Warsaw (now the Warsaw School of Economics).

He is an economic adviser specialising in corporate finance, restructuring, and mergers and acquisitions. Over the long span of his career, Mr. Sitarski has carried out advisory projects, developed privatisation strategies, and prepared analyses and valuations for both public and private sector enterprises. He has managed projects to restructure distressed or non-performing loans at Polish banks. He led a company managing a National Investment Fund, executing restructuring projects and supervising and conducting business acquisition and disposal transactions.

Serving in the government administration as Undersecretary of State at the Ministry for the Privatisation and Restructuring of State-Owned Assets (1994–1996) and the Ministry of State Treasury (2001–2003), Mr. Sitarski transformed enterprises wholly-owned by the state into companies in which the State Treasury is a shareholder, supervised their activities, and managed the sale of shares to strategic or financial investors across the fuel, energy, gas, banking, insurance, and lottery sectors.

The companies he helped manage include Warsaw Stock Exchangelisted NFI Foksal S.A. and Impexmetal S.A. At the latter, the parent company of a non-ferrous metal processing group, he coordinated and managed the trade policy as Member of the Management Board, Chief Commercial Officer.

Mr. Sitarski has extensive experience as a member and chair of supervisory boards of a range of companies, including Telekomunikacja Polska S.A., Giełda Papierów Wartościowych S.A., Polskie Towarzystwo Ubezpieczeń S.A., Bank Gospodarki Żywnościowej S.A., Dwory S.A., Huta Aluminium Konin S.A., and PESA Bydgoszcz S.A.

He ran in the 2018 elections for the Provincial Assembly of the Province of Warsaw and the 2019 European Parliament elections and Polish general elections.

Mr. Witold Literacki and Mr. Ireneusz Sitarski have submitted written statements that they will not be involved in any activity competitive with ORLEN S.A. and are not and will not be partners of any competitive civil law partnerships, partnerships, capital companies, will not be members of any boards of a competitive capital companies. They also stated that they are not on the list of insolvent debtors kept on record on the National Court Register Act.