Appointment of Management Board Members for New Term of Office

The Management Board of DEVELIA S.A. (“the Issuer”) inform that the Issuer’s Supervisory Board have appointed at a meeting held today, i.e. on 20 May 2021, the following members to the Issuer’s Management Board: Mr Andrzej Oślizło as the Management Board President and Mr Paweł Ruszczak and Mr Mariusz Poławski as the Management Board Vice Presidents, for a new three-year term of office, which will be joint for all the Management Board members, commencing on the day following the date of the Annual General Meeting of the Issuer, at which the 2020 financial statements will be approved.

Information pertaining to the newly appointed President of Management Board, Andrzej Oślizło:
Andrzej Oślizło graduated from the Academy of Economics in Katowice (where he studied Economics) and the Silesian University of Technology in Gliwice (where he studied Information Technology). He completed the MBA programme at the European University in Montreux, Switzerland. For more than twenty years, he has been in charge of business undertakings in Poland and foreign markets. His area of specialisation includes enterprise management, investments, mergers and take-overs, and specifically foreign expansion. Throughout his career, he successfully served as president and member of management boards at companies operating in the following industries: ICT, transport, forwarding & logistics, finance and banking (Schenker, LOT S.A., Aviva S.A., Expander, Burietta- the Inelo Group, and many others). His professional experience also includes collaboration with Private Equity funds, among other things, Trinity Management and Innova Capital, on behalf of which he worked in a supervisory and managerial capacity, sitting on the governing bodies of portfolio companies, and was accountable for raising their value and capital sales.
He was a member of supervisory boards of: Burietta (the Inelo Group), SGB SSO, Intrum, Gold Finance, BZ WBK – Aviva Towarzystwo Ubezpieczeń na Życie S.A, Expander Advisors, Casinos Poland.  

Basic professional experience:
since Dec 2020 – President of Management Board of Develia S.A. and a member of Management Boards of Develia subsidiaries
2018-2020 – Management Board President/Executive Chairman at Burietta (the Inelo Group)
2015-2017 – Management Board Vice President at Aviva Towarzystwo Ubezpieczeń Ogólnych S.A.
2015-2017 – Management Board Vice President at Aviva Towarzystwo Ubezpieczeń na Życie S.A.
2011–2015 – Management Board President at Expander Advisors Sp. z o.o.
2009–2010 – Management Board Member at Polskie Linie Lotnicze “LOT” S.A
2006-2008 – Business Development Director /regional advisor for the Central South Eastern Europe DPD (the La Post Group)
2002-2006 – Management Board Vice President at Schenker Sp. z o.o.  (the DB Group)
1999-2001 – Management Board Member/Managing Director at VATECH ELIN EBG  
1995-1998 – Portfolio Manager at Trinity Management (Managers of 3rd National Investment Fund)

In the aforesaid period, Mr Andrzej Oślizło also served other supplementary or temporary functions, sitting on companies’ governing bodies:
2020-until now Member of Supervisory Board at Burietta  
2019- 2020 – Member of Supervisory Board at SGB SSO
2016- 2020– Member of Supervisory Board at Intrum
2018 – 2020 – Member of Supervisory Board at Gold Finance Sp. z o.o. (the Diuna Group)
2016-2018 – Member of Supervisory Board at BZ WBK – Aviva Towarzystwo Ubezpieczeń Ogólnych S.A.
2016-2018 – Member of Supervisory Board at BZ WBK – Aviva Towarzystwo Ubezpieczeń na Życie S.A
2015–2018 – Member of Supervisory Board at Expander Advisors Sp. z o.o.
2009 -2011 – Member of Supervisory Board at Casinos Poland
2007/2009 –  Member of Management Board (temporary managerial function) at: Via Cargo Logistic (2008/2009), RC Union (2008/2009), DPD Slovenia/Croatia (2007)

Mr Andrzej Oślizło is not engaged in any activity competing with the Company, does not participate in any business which is a Company’s competitor as a partner in a private or other partnership or a member of governing body at any company, and is not engaged in any legal entity as member of its governing body, and furthermore, does not appear on the Register of Insolvent Debtors kept pursuant to the National Court Register Act.

Information pertaining to the newly appointed Vice President of Management Board, Paweł Ruszczak:
Mr Paweł Ruszczak has higher education. He graduated from the Warsaw School of Economics (SGH). He has been engaged in the development business for more than 15 years. Before that period, he had worked in the banking sector.

Professional experience:
since Oct 2019 – Member of Management Board of Develia S.A. and a member of management boards and supervisory boards of Develia subsidiaries
2015-2019 – Member of Management Board at Archicom S.A.
2009-2015 – Finance Director at Archicom Group
2006-2009 – Deputy Finance Director and Finance Director at Orco Poland Sp. z o.o., belonging to the Orco Property Group SA, a Polish group of companies
2000-2005 – Employed with AmerBank Polska (DZ Bank Group) and Raiffeisen Bank Polska SA.
2014-2019 – Member of Supervisory Board at AWM Budownictwo S.A.

Mr Paweł Ruszczak is not engaged in any activity competing with the Company, does not participate in any business which is a Company’s competitor as a partner in a private or other partnership or a member of governing body at any company, and is not engaged in any legal entity as member of its governing body, and furthermore, does not appear on the Register of Insolvent Debtors kept pursuant to the National Court Register Act.

Information pertaining to the newly appointed Vice President of Management Board, Mariusz Poławski:
Mariusz Poławski graduated from the University of Warsaw, where he completed the MA degree programme at the Faculty of Management. He also finished courses in project economics, management, psychology of leadership and corporate governance.

Mariusz Poławski has almost 20-years’ experience of working in managerial positions. From 2003, he had been engaged in the Marvipol Group, acting in the capacity of the Managing Director, Operations Director, Member and Vice President of the Management Board. Throughout the past seven years, he had been responsible mainly for the housing and warehousing sector, including, in broad terms, the implementation and commercialisation of development projects. As part of the functions served, Mariusz Poławski planned and implemented numerous complex projects, innovations, optimisations increasing the profitability of companies managed by him.  

Basic professional experience:
– since Jan 2021 – Member of Management Board of Develia S.A. and a member of management boards and supervisory boards of Develia subsidiaries;
– from 2020- Feb 2021 – Member of Supervisory Board at Nestmedic SA
– from 2018 to 2020 – Vice President of Management Board and Operations Director at Marvipol Development S.A.;
– from 2018 to 2020 – President of Management Board at subsidiaries of Marvipol Development S.A.;
– from 2016 to 2020 – Member of Management Board at SPVs implementing on a joint venture basis for Marvipol Development and Panattoni companies (warehousing projects);
– from 2013 to January 2018 – Managing Director and Member of Management Board at Marvipol S.A. (currently trading under a business name British Automotive Holding S.A.) and Member of Management Board at subsidiaries of Marvipol S.A. operating in the development segment of the Marvipol SA Group;
– from 2008 to 2015 – Member of Management Board, Vice President of Management Board, Managing Director of licenced automobile dealerships for Jaguar and Land Rover brands in Poland: JLR Centrum Sp. z o.o., JLR Gdańsk Sp. z o.o., JLR Łódź Sp. z o.o. subsidiaries of Marvipol S.A. operating in the automobile segment of the Marvipol S.A. Group;
– from 2003 to 2008 – Managing Director at a car wash chain called Robo Wash Center operating in the automobile segment of the Marvipol S.A. Group;
– from 1998 until now – economic activity conducted on his own account.

Mr Mariusz Poławski is not engaged in any activity competing with the Company, does not participate in any business which is a Company’s competitor as a partner in a private or other partnership or a member of governing body at any company, and is not engaged in any legal entity as member of its governing body, and furthermore, does not appear on the Register of Insolvent Debtors kept pursuant to the National Court Register Act

Legal basis: Article 56(1)(2)(a) of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies (consolidated text of Dziennik Ustaw [Journal of Laws] of 2020, item 2080) in conjunction with Section 5(5) and Section 10 of the Regulation of the Minister of Finance of 29 March 2018 on Current and Periodic Information Published by Issuers of Securities and on Conditions for Regarding Information Required by Law of Non-Member State as Equivalent (Dziennik Ustaw [Journal of Laws] of 2018, item 757).