Mirosław Gronicki and Andrzej Klesyk join the Supervisory Board of BEST S.A.

Mirosław Gronicki, former Minister of Finance, and Andrzej Klesyk, former President of PZU have become members of the Supervisory Board of BEST S.A. by way of a resolution adopted on 18 May by the General Assembly of Shareholders.


“The experience of Mirosław Gronicki and Andrzej Klesyk in financial markets cannot be overrated. I am glad that we will be able to take advantage of the support and knowledge of experienced managers in the course of the currently observed dynamic expansion of our operations”,said Krzysztof Borusowski, President and majority shareholder of BEST.


Mirosław Gronicki was Minster of Finance in the years 2004-2005, in the government of Marek Belka. In the years 2000-2003, he was Chief economist of Millenium bank, and also worked as an advisor in Goldman Sachs investment bank. He advised the governments of Bulgaria, Turkmenistan and Slovakia. He worked for the Market Economy Research Institute (IBnGR) and Social and Economic Analyses Centre (CASE), where he supervised research programs regarding macro-economic analyses and economic projections for Poland, Ukraine, Georgia and Kyrgyzstan. Mirosław Gronicki graduated from the Faculty of Economy at the University of Gdańsk. He has worked for renowned scientific institutions, i.a. the University of Pennsylvania in Philadelphia, Charles University in Prague, and international organisations, such as the World Bank, UN and European Union.


Andrzej Klesyk was the President of PZU Management Board in the years 2007-2015. Previously, he worked at the Ministry of Ownership Transformations. Co-founder of Handlobank and Bank Inteligo, which is his original project. In the years 1993-2000, he worked for the consulting company McKinsey & Company in London, thereafter, for four years he was a partner at the Boston Consulting Group with its seat in Warsaw. He was Member of the Economy Council at the Council of Ministers (2010-2012). He graduated from the Catholic University of Lublin, and has an MBA title from the Harvard Business School.


The newly appointed members have replaced Katarzyna Borusowska and Patrycja Kucner in the Supervisory Board. BEST S.A. Supervisory Board has seven members - six of them meet the criteria of independence referred to in the Best Practices of WSE Listed Companies.


“We thank the previous Members of the Supervisory Board for their many years’ work and their contribution to company expansion and competent supervision over continuous improvement and observance of the highest standards of operations” added Krzysztof Borusowski.


This is not the only recent change in BEST. On 9 May 2016, the Supervisory Board appointed Jacek Zawadzki, with 20 years of experience in IT, to the Management Board. He shall take up his position on 1 July 2016.





General information about BEST


BEST S.A. is a company listed on the Warsaw Stock Exchange since 1997, specialising in trading in and managing of non-performing debt. The BEST Group actively invests in debt portfolios (mainly bank portfolios) using securitisation funds; it also provides debt collection services on a commission basis: to banks, telecoms, power sector companies and other providers of mass-market services.


BEST is also a shareholder of BEST TFI, which manages investment funds with total assets of PLN 984 million (as at 30 December 2015). The combination of expertise in the field of debt collection with that in the establishment and management of investment funds helped the entity to concentrate all elements of the business model within one capital group.


The total nominal value of own debt and debt of other entities managed by BEST is over PLN 10.6 billion (as at 30 December 2015). In 2015, the BEST Group generated a net profit of PLN 82.2 million with operating revenues of PLN 140.1 million.


More information:

Mariusz Ilnicki

+48 668 48 36 73