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Krzysztof Stupnicki becomes president of BEST TFI

The Supervisory Board of BEST TFI has made changes to the Management Board of the company. Krzysztof Stupnicki has been appointed president of BEST TFI and will be responsible for its overall operations. The former president, Krzysztof Borusowski, remains a member of the BEST TFI Management Board.

 

Krzysztof Stupnicki is an accomplished manager with over 20 years of experience in asset management. He has served in a number of executive positions in international investment, insurance and pension companies. He has been associated with BEST since the beginning of 2015, and since April 2015 he has been a member of the Management Board of BEST TFI, an investment fund society owned by BEST that manages fundswith a total value of over PLN 965 million (as of 30 September 2015). In November, the Supervisory Board of BEST TFI appointed him to the position of company president.

 

The former president of BEST TFI, Krzysztof Borusowski, remains a member of the company's Management Board, as well as president of BEST S.A. These changes are related to the planned merger with Kredyt Inkaso. Mr Borusowski will now focus on managing the entire BEST Group, supervising the merger process and preparing a strategy for the merged entities, while Krzysztof Stupnicki will be responsible for the overall operations of BEST TFI, including the best possible use of the company's potential in the merged group.

 

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General information about BEST

 

BEST S.A. is a company listed on the Warsaw Stock Exchange since 1997, specializing in trading and managing of non-performing debts. BEST Group actively invests in debt portfolios (mainly from banks) using securitisation investments, and provides contracted debt collection services for banks, telecommunication companies, power companies and other entities providing mass-scale services.

 

BEST is also the sole shareholder of BEST TFI, which manages investment funds with a total value of over PLN 965 million (as of 30 September 2015). The combination of expertise in debt collection as well as the creation and management of investment funds allows the Group to concentrate all the elements of the business model in one group of companies.

 

The total nominal value of receivables managed by BEST, both its own and belonging to other entities, is more than PLN 10 billion (as of 30 September 2015).

 

In 2014, BEST Group generated PLN 58.9 million net profit attributable to the Company's shareholders, with an operating revenue of PLN 124 million.

 

For more information, please visit www.best.com.pl or contact:

Krzysztof Woch

NBS Communications

tel. 22 826 74 18 / mobile 516 173 691

e-mail: kwoch@nbs.com.pl

Maciej Szczepaniak

NBS Communications

tel. 22 826 74 18 / mobile 514 985 845

e-mail: mszczepaniak@nbs.com.pl

 

You can follow the BEST Group on Twitter: https://twitter.com/BEST_Grupa

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