Current report no 22 / 2017

Appointment of the Management Board of Budimex SA

The Management Board of Budimex SA hereby inform that on 28 March this year the Supervisory Board of Budimex SA, at the request of the President of the Management Board, General Manager of Budimex SA, appointed the Management Board for the 9th joint term of office for years 2017, 2018 and 2019 composed of:

Fernando Luis Pascual Larragoiti – Vice-President of the Management Board,

Artur Popko – Member of the Management Board

Radosław Górski – Member of the Management Board

Jacek Daniewski – Member of the Management Board

Henryk Urbański – Member of the Management Board

Marcin Węgłowski – Member of the Management Board

Cezary Mączka – Member of the Management Board

The 9th term of office ends on the day of holding the Ordinary General Meeting of Budimex SA, during which the financial statements for 2019 will be approved. The said resolution of the Supervisory Board of Budimex SA enters into force on the day of holding the Ordinary General Meeting of Budimex SA in 2017 and granting discharge to the said persons for the performance of their duties as Members of the Management Board in 2016.

Fernando Luis Pascual Larragoiti – Mining engineer, graduate of the Technical University of Madrid and the University of the Andes in Santiago de Chile, where he completed the Senior Management Program (PADE). He started his business career in 1983 in the Schlumberger, where he was responsible for hydrocarbon exploration drills. He joined Ferrovial in 1987, where until 1997 he held the managing positions for various contracts related to civil engineering. Between 1997 and 2001, he was responsible for the development and management of the concession highway project in Chile. Between 2001 and 2008, he managed the national division of Ferrovial in Chile, and from 2008 to 2014, the national division of Ferrovial in Greece. He has been the Vice-President of the Management Board since 24 April 2014.

Fernando Luis Pascual Larragoiti does not pursue any business competitive to Budimex SA, and he is not a partner or a member of any competitive civil partnership or any other partnership, a member of a body of a capital company or a member of a body of any other competitive legal entity. Fernando Luis Pascual Larragoiti has not been entered in the Register of Insolvent Debtors kept under the provisions of the Act on the National Court Register.

Artur Popko – a graduate from the Faculty of Civil and Environmental Engineering at the Bialystok University of Technology with a major in Transport Infrastructure Engineering. Between 2000–2002, he worked as a Construction Engineer in Oleckie Przedsiębiorstwo Drogowo-Mostowe (Olecko Roads and Bridges Construction Company), then, until 2004, he was employed as a construction manager and implemented one of the biggest infrastructure projects – the construction of the A2 motorway on behalf of NCC Polska. Since mid-2004, he was associated with Budimex Dromex where he worked as a construction manager, followed by a contract manager. In 2009, he was promoted to the position of a regional director. Since 2011, he was the director of Transport Infrastructure Engineering. In 2014 he has become the Director of Infrastructure Engineering at Budimex SA. He was appointed the Member of the Management Board on 14 March 2016.

Artur Popko does not pursue any business competitive to Budimex SA, and he is not a partner or a member of any competitive civil partnership or any other partnership, a member of a body of a capital company or a member of a body of any other competitive legal entity. Dariusz Blocher has not been entered in the Register of Insolvent Debtors kept under the provisions of the Act on the National Court Register.

Radosław Górski – a graduate of the Faculty of Civil and Environmental Engineering at the Poznań University of Technology. In 2010 he completed a Management programme conducted by ICAN INSITUTE.  Having graduated from his studies, in 1997 he started work at BUDIMEX S.A., where he became a Regional Director in 2004, and a Branch Director for Budownictwo Ogólne Wschód (General Construction East) in 2007. In 2013 he took the position of the Construction Director, and he has been managing the General Construction division. He was appointed the Member of the Management Board on 14 March 2016. Radosław Górski does not pursue any business competitive to Budimex SA, and he is not a partner or a member of any competitive civil partnership or any other partnership, a member of a body of a capital company or a member of a body of any other competitive legal entity. Radosław Górski has not been entered in the Register of Insolvent Debtors kept under the provisions of the Act on the National Court Register.

Jacek Daniewski – graduated from the University of Warsaw. In 1978 he was entered in the list of legal counsels in Warsaw. In years 1978–1990 he was employed at Polimex-Cekop Sp. z o.o. as a trade clerk and legal clerk and between 1983 and 1990 as a legal counsel. In years  1987–1990 he was temporarily delegated to Iraq as a trade agent of Polimex-Cekop. From 1986 he was also employed at Budimex Dromex as a legal counsel, in the period from 1996 until the transformation of Budimex Group structure he held the function of a coordinator of the legal counsel team at Budimex Dromex. In December 2001 he became a legal counsel at Budimex SA, and in 2002 the Deputy Chief Legal Officer. In December 2003 he was promoted to the position of the Chief Legal Officer and became the Member of the Management Board of Budimex Dromex SA. Since 2007 he has been the Chief Legal Officer, and since March 2007 also the Member of the Management Board of Budimex SA. Jacek Daniewski does not pursue any business competitive to Budimex SA, and he is not a partner or a member of any competitive civil partnership or any other partnership, a member of a body of a capital company or a member of a body of any other competitive legal entity. Jacek Daniewski has not been entered in the Register of Insolvent Debtors kept under the provisions of the Act on the National Court Register.

Henryk Urbański - graduated from the Department of Precision Mechanics of the Warsaw University of Technology and from the Department of Foreign Trade of the University of Social Sciences. He also completed Post-Graduate Studies in the field of Value-Based Management at the Warsaw School of Economics. He was employed at Budimex between 1979 and 1992, performing such functions as deputy director of the office responsible for the Middle Eastern market. Between 1993 and 1996 he was the director for expansion at Makro Cash and Carry, responsible for the development of the sales network in Poland. Between 1996 and 1998  he was the director for development at Praktiker Polska, within the Metro Group. In the period from 1998 to 2000 he was the President of the Management Board at Ahold Polska Real Estate, as well as the Member of the Management Board of Ahold Polska responsible for the development of the company's store network in Poland. In 2001 he became the President of the Management Board at Budimex Nieruchomości, where he has been expanding the real estate development activity, as well as carrying out restructuring with regard to real estate management, in accordance with the strategy adopted by the Budimex Group. Since 31 May 2005 he has also been the Member of Management Board at Budimex SA.

Henryk Urbański does not pursue any business competitive to Budimex SA, and he is not a partner or a member of any competitive civil partnership or any other partnership, a member of a body of a capital company or a member of a body of any other competitive legal entity.
Henryk Urbański has not been entered in the Register of Insolvent Debtors kept under the provisions of the Act on the National Court Register.

Marcin Węgłowski graduated from the Department of Production Economics of the Warsaw School of Economics. In 1991, while he was still studying, he started working at the Ministry of Finance. Between 1992 and 1993 he was employed at BDO Binder Sp. z o.o. as an auditor. From 1993 to 1997 he worked for British-American Tobacco Group Poland –  Initially he was a financial controller, and later a financial project manager. In years 1997–1999 he was the Financial Director and Member of the Management Board at Delphi Automotive Systems Poland. From June 1999 to January 2001 he was the Head of Finance and Vice-President of the Management Board of the joint stock company OPTIMUS. He has been the Member of the Management Board and the Chief Financial Officer of Budimex SA since January 2001.
Marcin Węgłowski does not pursue any business competitive to Budimex SA, and he is not a partner or a member of any competitive civil partnership or any other partnership, a member of a body of a capital company or a member of a body of any other competitive legal entity.
Marcin Węgłowski has not been entered in the Register of Insolvent Debtors kept under the provisions of the Act on the National Court Register.

Cezary Mączka – graduated from the Faculty of Law at the University of Gdańsk (1988) and completed postgraduate studies in human resources at the Norwegian School of Management and at the Gdańsk Foundation for Management Development (1990). He holds the MBA diploma of the Strathclyde Glasgow Business School (2002), and he has completed public prosecutor training. From 1989 to 2001, he was a journalist, the Head of the IT Department and a Regional Director at “Media Express”, a Regional Director at FALCK in Gdańsk, and Administration and Human Resources Manager at Metro AG (Real). In 2001, he started his career at the GE concern. At first, he worked as HR manager at GE Power Controls in Łódź, then as Human Resources Director in the region of Central and Eastern Europe. In 2006, he was appointed Human Resources Director of the GE audit for Europe, Middle East, and Africa and Global Human Resources Director responsible for remuneration. In December 2007, he was appointed Chief HR Managing Officer and in March 2008, he became Vice-President of the Management Board at Bank BPH. From January 2013 till the end of October 2015 he was the Chief HR Officer at EDF Polska, where he also managed the work of the Organisation and Quality Department and of the Legal Department. On 1 December 2015 he was appointed the Chief HR Officer at Budimex SA.

Cezary Mączka does not pursue any business competitive to Budimex SA, and he is not a partner or a member of any competitive civil partnership or any other partnership, a member of a body of a capital company or a member of a body of any other competitive legal entity. Cezary Mączka has not been entered in the Register of Insolvent Debtors kept under the provisions of the Act on the National Court Register.