Appointment of Izostal S.A. Management Board Members

Date  of issue: 2013-04-11
 
Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
 
SUBJECT: Appointment of Izostal S.A.  Management Board Members.

CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (Company) informs that on April 10, 2013 conference the Supervisory Board passed resolutions concerning appointment of the Management Board for the next three-year term of office (VIII) in the following composition:

Marek Mazurek – President of the Board, Chief Executive Officer
Jacek Podwiński - Vice President of the Board, Sales Manager

Passed resolutions go into effect with the day of holding General Meeting approving the Company’s financial report for 2012.

The Company’s Management Board from the VIII term of office has not changed in relation to the current membership.

Marek Mazurek has a university degree. He graduated from University of Economics in Katowice at the Department of Industry (major: Economics and Organisation of Production). Moreover, Mr Mazurek has a Chief Accountant course completion certificate which was organised by Polish Accountants’ Association.
History of employment:
- 1989-2005: Financial Clerk, Manager of the Financial Department and then Director of Floor Covering Plant in Lentex S.A. with the registered office in Lubliniec,
- 1994-2003: President of the Management Board, Vice-President of the Management Board and then again President of the Management Board in Texlen Sp. z o.o. Corporation with registered office in Lubliniec,
- since 2005: Chief Financial Officer (2005-2007), Chief Executive Officer/Chief Financial Officer (2007-2011) and then since February 2011 President of the Management Board, Managing Director in Izostal S.A.
Since March 2011 Marek Mazurek has been holding the position of a Member of the Supervisory Board of Kolb Sp. z o.o., which belongs to the Stalprofil S.A. capital group.

Marek Mazurek is not engaged in any competition activity against Izostal S.A., do not participate in any competitive company as a partner of civil law partnerships, partnerships or as a member of a body of a capital company nor is he a member of any others competitive legal entities. He has not been entered in the Register of Insolvent Debtors maintained pursuant to the Legal Act of the National Court Register.

Jacek Podwinski graduated from University of Economics in Cracow at the Department of Management (major: Management and Marketing). Ho also holds a Bachelor degree in Business Management. Moreover, he also completed postgraduate studies at the Warsaw School of Economics specializing in Strategic Marketing Management and postgraduate studies at the Wroclaw University of Economics, Department of Management and Computer Science (specializing in accounting and financial audit). He also has a Member of the Supervisory Board course completion certificate which was organised by The Polish Economic Society - at the Institute of Economic Training and Consulting in Opole.
History of employment:
- 1996-1998: Senior Clerk at the Department of Restructurization in Malopolski Bank Regionalny S.A. with the registered office in Cracow,
- 1998-2000: Shop Superintendent in the Polyethylene Pipes Department at Izostal S.A.,
200-2003: Sales Director, Director of Gas Infrastructure and then Strategic Projects Director in Eurotube joint stock company
- in 2003: Deputy Director responsible for selling of steel products (2003-2005), since 2005: Sales Manager, since 2007: Vice President of the Board, Sales Manager in Izostal S.A.

Jacek Podwinski is not engaged in any competition activity against Izostal S.A., do not participate in any competitive company as a partner of civil law partnerships, partnerships or as a member of a body of a capital company nor is he a member of any others competitive legal entities. He has not been entered in the Register of Insolvent Debtors maintained pursuant to the Legal Act of the National Court Register.

Specific legal basis: §5 clause 1 item 22 of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state (Journal of Laws No. 33, item 259 as amended).

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek 2013-04-11
Management Board Vice President, Jacek Podwiński 2013-04-11
 
INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer:  IZOSTAL S.A
Sector based on the classification of Warsaw Stock Exchange:  Other industry
Address: 47-120 Zawadzkie Polna 3
Telephone: (77) 405 65 00
Fax: (77) 405 65 01
e-mail:info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]:756-00-10-641
Statistical No. [REGON]: 530884678