On 25 May, Kamil Majczak, a Member of the Management Board of CIECH S.A., was appointed its President by the Supervisory Board of the company. Simultaneously, Marcin Puziak, the Controlling Director, assumed the position of Chief Financial Officer (CFO) as a Member of the Management Board. The President of the Management Board of CIECH S.A., Dawid Jakubowicz, and a Member of the Management Board responsible for Financial Affairs, Jarosław Romanowski, resigned on Thursday due to their planned positions in the Management Board of Kulczyk Investments – an indirectly controlling company of CIECH S.A.

Kamil Majczak and Marcin Puziak will assume their new positions on 27 May. The Management Board of CIECH S.A. will operate with a two-member composition.

- After almost five years, it's time to pass the reins of the Group to a new team. The change is evolutionary and planned. Kamil has been a Member of the Management Board for a year and has been working at CIECH for five years. He supervised key processes and prepared both strategies of the Group. Marcin has been reforming the Group's controlling function for four years, implementing Business Intelligence and participating in the execution of numerous key refinancing and restructuring initiatives. Both of them, supported by a group of key managers, will continue to transform the Group in accordance with the provisions of the strategy for 2022-2024. I would like to thank all employees of the Group for their dedication and effort over the past years, and I wish the new Management Board success – says Dawid Jakubowicz, the outgoing President of the Management Board of CIECH S.A. 

Over a period of five years, the Management Board, headed by Dawid Jakubowicz, implemented the strategy for the years 2019-2021, under which the largest investment programme worth PLN 2 billion was carried out. As part of this strategy, the company also obtained long-term financing of over PLN 2 billion on highly competitive terms and transformed the Group's structure, as well as its asset portfolio (including the sale of the resin production company and the integration of the Spanish Proplan, acquired in 2018).

One of the priorities was also the care for the safety and working conditions of employees, as well as the development of an engaging organisational culture. In 2022, the CIECH Group achieved a record-breaking EBITDA result of over PLN 1 billion, which is the highest in its history.

- A significant achievement in recent years is the establishment of strong financial foundations and the improved business efficiency within the Group. This allows us to plan its stable development in the coming years, taking into account actions, among others, related to the implementation of ESG goals, such as energy transformation and achieving climate neutrality. Additionally, the Group is ready to meet the challenges arising from the economic slowdown and continue its successful business transformation – says Jarosław Romanowski, the outgoing Member of the Management Board of CIECH S.A. 

Kamil Majczak  

Since June 2022, he held the position of a Member of the Management Board of CIECH S.A. responsible for the strategy and business transformation. Kamil Majczak has been associated with the CIECH Group since 2018, when he took the position of Strategy Director at CIECH S.A. responsible for formulating and implementing the Group's strategy. In 2020-2021, he simultaneously held the office of the President of the Management Board of CIECH Żywice and a Member of the Management Board of CIECH Ventures, a company focusing primarily on cooperation with young businesses developing modern technologies related to chemistry, sustainable industry and agriculture.

So far, his most important achievements at CIECH have been: preparation of the Group's strategy for 2019-2021 and 2022-2024 as well as support in their implementation, coordination of activities related to improved efficiency in the soda business (digitisation), preparation of a plan to modernise energy sources in accordance with the adopted ESG Strategy, as well as a review of the Group's businesses, including the sale of the CIECH Żywice business for PLN 160 million in 2021. Between 2018 and 2021, he was employed at Kulczyk Investments.

From 2018 to 2021, Kamil Majczak also worked for Kulczyk Investments. His previous professional experience includes working for the strategic consulting firm Bain & Company in Warsaw and Melbourne from 2014 to 2018, as well as for the advisory firm PricewaterhouseCoopers in London from 2012 to 2014.

Kamil Majczak is a graduate of a master-degree programme in economics at the University of Cambridge and a bachelor-degree programme in economics at the Warsaw School of Economics.

Marcin Puziak   

Marcin Puziak has been working in the CIECH Group since 2019. As the Head of the Controlling Department, he built a new efficient structure of the department, implemented a management reporting system, and introduced Business Intelligence for the Group. He has also been involved in implementing several key initiatives in the areas of: mergers and acquisitions, refinancing, taxation, treasury, performance management and organisational restructuring. He is a promoter of a data-driven enterprise culture.

From 2011 to 2013, he was associated with Franklin Templeton Investments. Simultaneously, from 2009 to 2019, he served as an Assistant Professor at the Department of Microeconomics at the Poznań University of Economics, combining scientific and teaching work with practical experience in financial and economic management in various entities.

Marcin Puziak holds a Ph.D. in economics and completed his studies at the Poznań University of Economics, where he worked as a lecturer for ten years. He specialises in sectoral competitiveness and profitability of enterprises.

Contact: 

Żaneta Przybylska, CIECH Group’s PR Department 

zaneta.przybylska@ciechgroup.com, tel. +48 511 809 281.

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CIECH is an international developing chemical group with a strong position on global markets. It is the second largest manufacturer of sodium carbonate and sodium bicarbonate in the European Union, the largest manufacturer of evaporated salt in Poland, the largest supplier of sodium silicates in Europe, the largest Polish manufacturer of plant protection products, and a leading producer of polyurethane foams in Poland. Its factories are located in Poland, Germany and Romania, and it employs over 3,000 people throughout the EU. 

Since 2005, CIECH S.A. has been listed on the Warsaw Stock Exchange, and since 2016, simultaneously, on one of the largest stock exchanges in Europe - Börse Frankfurt. The development of the Group is supported by its strategic investor – Kulczyk Investments.

As one of the largest Polish exporters, CIECH ships its goods to almost each continent. They are used to manufacture products necessary in the everyday life of millions of people around the world. That is why the Group is a crucial element of numerous sectors of the economy – construction, automotive, agriculture, chemical, food and pharmaceutical industries.

CIECH combines a modern business approach and care for sustainable development. Since 2020, it has been a member of the United Nations Global Compact - the world's largest initiative that brings together socially, environmentally and economically responsible businesses.

Since 2021, CIECH has been consistently implementing its ESG Strategy, which includes eight commitments in the field of climate policy, social relations and corporate governance.

More information about the CIECH Group can be found at www.ciechgroup.com.