The General Meeting established the new Audit Committee. Iain Haggis, Sławomir Robert Jędrzejczyk, Piotr Kearney and Ivan Kočárník are now members.
Rafał Sekuła was confirmed as the member of the Supervisory Board
Prague, 10 December 2009 – The Extraordinary General Meeting of Unipetrol, held today in
the City Tower in Prague, was mainly about the obligatory changes required by the new Act on
Auditors. The amendments to the Articles of Association were approved and the new obligatory
supervising body of the company, the Audit Committee, was established. Sławomir Robert Jędrzejczyk,
Piotr Kearney and Ivan Kočárník – members of the Unipetrol´s Supervisory Board – were appointed to
the four-person Committee. The other member of the Audit Committee is an independent advisor with
extensive accounting and audit experience, Iain Haggis, a British citizen currently living and
working in Warsaw.
The approved amendments to the Unipetrol Articles of Association regulate the position and
powers of the Audit Committee and establish its duties. The specific provisions involve, for
example, the rules for the Committee meetings decisions, the number of its members, their term of
office and co-opting possibilities.
The Audit Committee’s duties are mainly following (in accordance with the law and the amended
Articles of Association): monitoring the procedures for setting up financial statements and
consolidated financial statements, evaluating the effectiveness of the internal inspection, the
internal audit and the risk management systems of the company, monitoring the procedures of the
obligatory audit and evaluating the independence and activities of the statutory
auditor.
The Unipetrol shareholders also discussed and approved other items on the agenda. They
confirmed Mr. Rafał Sekuła, the HR Executive Director in PKN Orlen, as a member of the Supervisory
Board; he was co-opted to the Board in October. They also voted for the first time on selecting of
an auditor for the next period. The financial statements, consolidated financial statements and
other documents of Unipetrol will be audited by KPMG in 2010.
Mr. Iain Haggis, who graduated in business and finance at Plymouth Polytechnic
(now the University of Plymouth), has more than 25 years experience in finance and accounting. For
the last 20 years he has been engaged in senior corporate roles, i.e. responsible for relations
with external auditors, for financial statements or for accounting systems and compliance issues.
He has been a member of London´s Chartered Institute of Management Accountants (CIME) since 1988
and the founder and the first chairman of the Institute of Management Accounting in Warsaw in 2000.
Now he manages his own business, is engaged as the chief financial officer in the private equity
company Innova Capital and is a member of the Supervisory Boardof Meritum Bank Gdańsk.
Mr. Rafał Sekuła is responsible for HR in the PKN Orlen Group. He graduated from
the Law Faculty of the Jagiellonian University in Cracow. He also has a postgraduate degree in
Economics and Management from the University of Economics in Cracow and in 2006 finished an MBA
programme at the Polish Open University/The Oxford Brookes University in Warsaw. Before joining PKN
Orlen, he has worked for nine years for the largest telecom group in Poland – Telekomunikacja
Polska SA.
CVs of the newly appointed members of the Committee and Supervisory Board can be found in the
attachment to this Press Release. The amended Articles of Association, including the amendments
approved today, are available on the Unipetrol website: www.unipetrol.cz.
34 shareholders or their representatives participated in the General Meeting, with the voting
rights representing 64,36 percent in total.
UNIPETROL, a.s. is a group of companies operating in the petrochemical industry in
the Czech Republic. In 2005 UNIPETROL became a part of the PKN ORLEN Group, the largest oil
processor in Central Europe. The UNIPETROL Group is oriented mostly towards oil processing, fuel
distribution and petrochemical production. In all of these business areas the UNIPETROL Group is
among the key players both in the Czech Republic and on the Central European market. The Group
ranks among the leading firms in the Czech Republic in terms of its revenues, and employs more than
4,000 people.
Contact:
Blanka Růžičková
Spokesperson
UNIPETROL, a. s.
Telephone: +420 225 001 407, +420 731 881 111
E-mail: blanka.ruzickova@unipetrol.cz
Spokesperson
UNIPETROL, a. s.
Telephone: +420 225 001 407, +420 731 881 111
E-mail: blanka.ruzickova@unipetrol.cz
10 Dec 2009
