Appointment, Composition and Qualifications

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The Management Board is composed of five to nine members. Members of the Management Board are appointed by the Supervisory Board for a joint three year term of office.

The Bank's Management Board comprises the President of the Management Board, Vice Presidents of the Management Board and Members of the Management Board. Vice Presidents and Members of the Management Board are appointed and removed upon request of the President. Appointment of two members of the Management Board, including the President, is subject to approval by the Polish Financial Supervision Authority. Applications to the Polish Financial Supervision Authority are submitted by the Supervisory Board. The Vice President of the Management Board, who is subject to approval by the Polish Financial Supervision Authority, is responsible for risk management, including credit risk, with the exception of managing compliance risk.

At least half of the members of the Management Board, including its President, should possess thorough knowledge of the Polish banking market, i.e. they should meet all of the following criteria:

  • they have professional experience gained on the Polish market, relevant for the performance of a managerial function at the Bank,
  • they are permanently domiciled in Poland,
  • they have command of the Polish language.

In the Management Board of the current term of office, all of the aforementioned criteria are met by five members.

The Management Board currently in office comprises six members, including the President and five Vice Presidents.

All Management Board members have extensive knowledge and experience needed to perform their duties on the Board. Their professional backgrounds may be viewed at the Bank's website.

 

Mr Luigi Lovaglio, President of the Bank's Management Board, CEO.

Luigi Lovaglio was elected the President of the Management Board, CEO of Bank Pekao in May 2011. Prior, since 2003 he hosted the position of Vice President and General Manager of Bank Pekao.

He is an over 40-year veteran of banking services, most of this time devoted to the leading international banking group – UniCredit – which he joined in 1973. During next 20 years he held a number of management positions and in 1997 he assumed the responsibility of the Head of Strategic Planning of UniCredit Group where he participated in the process of mergers of newly acquired banks. Two years later, in 1999, following the development of the UniCredit Group in Central and Eastern Europe, with regard to his broad experience in mergers, he was appointed the Head of Foreign Banks Group Planning with the primary goal of Bank Pekao integration.

In the years 2000-2003 Luigi Lovaglio hosted the position of Deputy Chairman of the Management Board and Executive Director of Bulbank AD – the largest bank in Bulgaria.

In September 2003 he came back to Poland, assumed the responsibility of Vice President and General Manager at Bank Pekao, in 2011 he was elected the President of the Management Board, CEO of the Bank. He commenced strengthening the position of this Bank and as the result Bank Pekao has been recognized by major international financial institutions and magazines as one of the leading banks in Central and Eastern Europe.

Luigi Lovaglio was born in 1955 in Potenza, Italy. He is a graduate in Economics and Commerce at the University of Bologna.

In 2008 he was awarded the title of Italy's Commander of the Order of the Star of Italian Solidarity by Giorgio Napolitano, President of Italy, in recognition of his outstanding contribution to the development of economic cooperation between Poland and Italy.

 

Mr Diego Biondo, Vice President of the Management Board.

He completed business management studies at the University of Turin.

Mr Biondo started his professional career in 1990 a t the Fiat Group in Turin, where he held a number of positions in the Finance Department. In 2000, he became Vice President and Deputy Treasurer of Fiat Finance North America of New York. In that role, he was responsible for the financing activities of the Fiat Group's companies in the US, Canada and Mexico. In the years 2001-2003, he was Vice President and Chief Financial Officer at Fiat Polska Sp. z o.o. in charge of the financing activities of the Fiat Group in Poland.

Mr Biondo joined Bank Pekao S.A. in 2003 as Executive Director, Head of the Risk Management Division (CRO).

Since December 11th 2008 he has served as Vice President of the Management Board, Chief Risk Officer.

 

Mr Andrzej Kopyrski, Vice President of the Bank's Management Board.

He is a graduate of Warsaw University of Technology and the University of Strathclyde (Glasgow).

He has been associated with the banking sector since 1992, when he joined Bank Pekao S.A. In 1993-1996, he worked in the corporate banking division at ING Bank Polska. Afterwards, he became Head of Structural Finance at Deutsche Bank Polska, and then in 1997-2001 he held the position of Head of Structural Finance and Capital Markets at ABN Amro Bank (Polska). In 2001, Mr Kopyrski was appointed member of the Management Board at HSBC Financial Services (Poland).

From April 2002, Mr Andrzej Kopyrski worked for Bank BPH S.A. as Managing Director responsible for Sales, Structural Finance and Capital Markets. After the merger with Bank Pekao S.A., he took charge of the Investment Banking and Structural Finance Department. He was appointed Vice President of the Management Board of Bank Pekao S.A. on June 4th 2008. Currently, he supervises the Corporate Banking, Markets and Investment Banking Division.

 

Mr Grzegorz Piwowar, Vice President of the Management Board.

He holds a master's degree in Electronics from the University of Science and Technology of Kraków, and completed post-graduate studies in banking at the Kraków School of Economics.

He has been associated with the banking sector since 1992, when he joined Bank BPH S.A. In the years 1996-2000, he worked as Head of the Brokerage Office and for another two years as Director of the Retail Banking Southern Region. In 2002, he was promoted to the position of Sales and Distribution Managing Director of the Retail Banking Division. In October 2006, he was appointed member of the Management Board of Bank BPH S.A. in charge of Retail Banking.

From November 30th 2007, he held the position of Vice President of the Management Board of Bank Pekao S.A. with responsibility for the Retail and Business Banking Division and since 2009 he has been responsible for the Retail Banking Division.

 

Stefano Santini, Vice President of the Bank's Management Board since April 1st 2013.

He graduated from the Faculty of Economics of Bocconi University where he defended his MA dissertation on the "Transformation of Central and East European countries to market economy".

Following a period of involvement in economic research, he embarked on a professional career in banking. In 2000 he joined UniCredit supporting P&C activities for the UniCredit Group and managed project integration in Croatia and Romania. In 2003, as a representative of UniCredit he started supporting P&C, the Project Office of Bank Pekao S.A. In 2005 he joined Bank Pekao S.A. as Deputy Director of the Finance Division. In 2006, after the merger of UniCredit and HVB, he was appointed Project Manager responsible for the spin-off of BPH and merger of Bank BPH and Bank Pekao S.A.

In 2008 he was appointed the Head of the Capital Allocation and ALM Department in Bank Pekao S.A. and the Adviser to the Supervisory Board of UniCredit Bank Ukraine and Member of the Audit Committee.

In April 2010 he became member of the Management Board of UniCredit Bank Hungary Zrt. as CFO responsible for planning and control, accounting, management information, asset and liability management and the tax area, while supervising the operations of the Bank's subsidiary companies. At the same time, he was elected Chairman of the Supervisory Board of UniCredit Jelzálogbank Zrt. (Mortgage Bank) and Chairman of ALCO.

Since 1 April 2013 he has been Deputy President of the Bank's Management Board supervising the Finance Division.

 

Mr Marian Ważyński, Vice President of the Management Board.

A graduate of Warsaw University, Faculty of Law and Administration; he also completed postgraduate studies in commercial bank management at the Warsaw School of Economics.

He has been working in the banking sector since 1986. In 1986-1990, Mr Ważyński was Director of the Office of the President of the National Bank of Poland. From 1990 till 1998, he held a number of managerial positions at commercial banks. He was a member of the Management Board of AmerBank and Animex Bank, and a Regional Director of Bank Depozytowo Kredytowy S.A.

Since he joined Bank Pekao S.A. in 1998, he was Merger Manager responsible for a transaction involving merger of four banks, and then became Executive Director responsible for the Logistics Division. Since December 15th 2004, he has been a member of the Management Board of the Bank. In November 2007, Mr Ważyński was appointed Vice President of the Management Board; he supervises Logistics and Procurement Division.