Supervisory Board of Netia Holdings S.A. appoints Wojciech Mądalski as President of the Management Board and Chief Executive Officer
WARSAW, Poland - September 17, 2002 - Netia Holdings S.A. (Nasdaq: NTIAQ/NTIDQ, WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services (the "Company"), today announced that the Company's supervisory board unanimously approved the appointment of Mr. Wojciech Mądalski as the new President of the Company's management board. Mr. Kjell-Ove Blom, the acting president of the Company, submitted today his resignation notice from his post on the management board.
As another important step in the restructuring process, the supervisory board members selected Mr. Wojciech Mądalski as President and Chief Executive Officer of the Company. Mr. Mądalski's track record and extensive international management experience, especially concerning the restructuring of companies and strengthening their market position, drove their selection. Mr Mądalski's task will be to continue the Company's restructuring program. Mr. Mądalski thanks Mr. Kjell-Ove Blom, who performed the function of acting president for the last 12 months, for his service to the Company during the past 5 years.
"I am very pleased that Wojciech Mądalski has joined our organization. I am convinced that under his management Netia will continue to strengthen its position as the largest alternative fixed-line telephony operator in Poland," commented Morgan Ekberg, chairperson of the Company's supervisory board.
"Netia is a dynamically developing company with a huge potential and strong market position. I look forward to completing the difficult restructuring process and working towards continued company growth for our shareholders," said Wojciech Mądalski, the new president of the Company's management board.