Notes to the consolidated financial statements

4. Composition of the Management Board of the Parent

As at 31 December 2014 the composition of the Management Board was the following:

• Tomasz Bogus – Chairman of the Management Board,
• Szymon Midera – Deputy Chairman of the Management Board,
• Michał Sobiech – Member of the Management Board,
• Paweł Spławski – Member of the Management Board.

On 12 May 2014 the Supervisory Board of the Bank adopted a resolution to dismiss Radosław Sałata from the position of a Member of the Management Board of the Bank as of 12 May 2014. Moreover the Supervisory Board of the Bank adopted a resolution to appoint Paweł Spławski to the position of a Member of the Management Board of the Bank as of 19 May 2014.
On 16 January 2015, Tomasz Bogus resigned from the position of the Chairman of the Management Board of the Bank and from membership in the Management Board of the Bank as of 19 January 2015.
On 16 January 2015, the Supervisory Board decided that Szymon Midera, Deputy Chairman of the Management Board of the Bank, would act as the Chairman of the Management Board of the Bank as of 20 January 2015. Moreover, the Supervisory Board of the Bank adopted a resolution to appoint Szymon Midera to the position of the Chairman of the Management Board of the Bank. The resolution will come into force on the day following the day when the Polish Financial Supervision Authority approves appointing Szymon Midera to this position.
Moreover, on 12 February 2015 the Supervisory Board of the Bank adopted a resolution to appoint Hubert Meronk the position of a Member of the Management Board of the Bank as of 12 February 2015.

As at the date of approving the consolidated financial statements, the composition of the Management Board of the Bank was the following:

• Szymon Midera – Deputy Chairman of the Management Board, Acting Chairman of the Board
• Hubert Meronk – Member of the Management Board,
• Michał Sobiech – Member of the Management Board,
• Paweł Spławski – Member of the Management Board.