WARSAW--Poland's top power utility by market value,
state-controlled PGE Polska Grupa Energetyczna S.A. (PGE.WA), said
its Chief Executive Krzysztof Kilian resigned Monday.
Mr. Kilian quit "due to important reasons, especially related to
changes to the management board carried out on Oct. 25," the
company said in a news release late Monday.
In October, the supervisory board of the company worth $10.4
billion on the Warsaw bourse dismissed two of Mr. Kilian's close
associates, Chief Financial Officer Wojciech Ostrowski and Chief
Strategy Officer Boguslawa Matuszewska.
Mr. Kilian was at loggerheads with the government over PGE's
role in a 12-billion-zloty ($3.9 billion) extension of a coal-fired
power plant in Opole, claiming the project would hurt shareholder
value. The government pushed for the plant despite the
objections.
Deputy Chief Executive Piotr Szymanek will take the helm of PGE
for the time being, the company said.
The Polish state controls nearly 62% of the company.
Write to Patryk Wasilewski at patryk.wasilewski@wsj.com
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