Current Report No. 17/2021

Appointment of JSW S.A. Management Board Members – supplement

Body of the report:

In reference to Current Report no. 16/2021, the Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”) hereby provides information about the education, qualifications and previous positions held, together with a description of the careers of Mr. Jarosław Jędrysek and Mr. Włodzimierz Hereźniak who have been appointed to be members of the JSW Management Board in its 10th term:

Jarosław Jędrysek:

Graduate of the University of Economics in Katowice with a major in economics, organization of construction and investments and the economics of the sales of products and services. He also holds an MBA from the Warsaw University of Administration and Management. In addition, he also completed post-graduate courses of study in the operation of commercial banks at the University of Economics in Katowice and accounting and taxes at the University of Warsaw.

He also completed many specialist courses, including courses on business risk management, risk management in the mining industry, financial assessment of investment projects and the principles, standards and methodologies in the corporate risk management system. He also took part in numerous managerial courses on banking.

He passed an exam for candidates to be supervisory board members in State Treasury companies.

From 1994 to 2005 he was associated with ING Bank Śląski. From 1994 to 2003 he worked in the Bank’s Controlling Department and in the Corporate Client Service Division. From 2004 to 2005 he served in the capacity of Director of the Przemyśl Branch in the ING Bank and later in its Oświęcim Branch.

Since 2006 he has been associated with the mining industry. From 2006 to 2008 he served as the Finance Director of KGHM Polska Miedź S.A. – Ore Enrichment Unit Branch.

From 2009 to 2016 he worked in Jastrzębska Spółka Węglowa S.A. at the following positions: Finance Director, Chief Accountant in KWK Zofiówka and then Director of the Finance Department in the JSW S.A. Management Board Office and then as the Economic Director of KWK Jas-Mos.                 

From March to July 2016 he worked as the Finance Director in the Rudna Mines Branch at KGHM Polska Miedź S.A.

From July 2016 to February 2019 he served in the capacity of Vice-President of the Management Board responsible for finance in Węglokoks S.A. From June 2019 to May 2021 he served as a management board member in Centrum Badania Jakości Sp. z o.o., a part of the KGHM Group.

He has also been a supervisory board member: from 2017 to 2019 in Polska Grupa Górnicza and in 2016 to 2017 in Górnośląskie Towarzystwo Lotnicze – Pyrzowice Airport.

Włodzimierz Hereźniak:

Graduated from the Mining Faculty at the Silesian University of Technology in Gliwice. He started his professional career in 1977 as a technical and research employee at the Non-Ferrous Metal Institute in Gliwice. In 1982-1993 he commenced his work in mining in KWK Knurów, starting at the position of crew head and ending at the position of chief engineer. He then took the position of President of the Management Board of Węglokop Sp. z o.o. and he was the Deputy Director of the Marketing Department in Gliwicka Spółka Węglowa S.A. He has many years of management experience, among others in such companies as: Węglozbyt S.A. in Katowice, Remkoks Sp. z o.o. in Dąbrowa Górnicza, Jastrzębska Spółka Węglowa S.A. in Jastrzębie-Zdrój, Polski Koks S.A. in Katowice, Przedsiębiorstwo Energetyki Cieplnej S.A. in Jastrzębie-Zdrój and TAURON Ciepło Sp. z o.o. From July 2019 to January 2021 he served in the capacity of President of the Management Board of Jastrzębska Spółka Węglowa S.A.

During his professional career he has been a member of numerous Supervisory Boards and was their chairman, among others in Haldex S.A., Koksownia Przyjaźń Sp. z o.o., Jastrzębska Spółka Węglowa S.A. and C&C GmbH Duisburg.

He is the author and co-author of numerous industry publications in Poland and abroad.

At the same time, the Company hereby reports that in accordance with the submitted representations, the aforementioned JSW Management Board members are not listed in the Register of Insolvent Debtors kept pursuant to the National Court Register Act, and they are not involved in any activities competitive to those they perform in the Company and are not partners in any civil law company or partnership, nor are they members of any corporate body of a capital company, nor are they involved in any other competitive legal person as members of its corporate body.

Legal basis: § 5 point 5), §10 of the Ordinance of the Minister of Finance dated 29 March 2018 on current and periodic information disclosed by issuers of securities and the terms for recognising as equivalent information that is required by the laws of a non-member state