Press release


Strategic changes in Management Board of Bank Pekao S.A.

On 6th of July 2017 the Bank's Pekao S.A. Supervisory Board, appointed Mr. Tomasz Kubiak, Mr. Michał Piotr Lehmann, Mr. Marek Lusztyn since 7th of July, 2017 to the Banks' Management Board and entrusted them with the function of Vice-Presidents of the Bank's Management Board.

On 7th of July 2017, the Bank's Supervisory Board, appointed Mr. Tomasz Styczyński since 7th of July 2017 and Mr. Marek Tomczuk since 1st of September 2017 to the Banks' Management Board and entrusted them with the function of Vice-Presidents of the Bank's Management Board.

The Banks' Supervisory Board has decided - since the date of obtaining the approval of the Financial Supervision Commission - to entrust Mr. Marek Lusztyn as the Vice President of the Banks' Management Board, supervising the management of significant risk in the Bank's activity.

All newly appointed members of the Management Board of the Bank have many years of experience in managerial positions in banking and financial institutions.

„The Supervisory Board appreciated the international experience of Mr. Marek Lusztyn, who is a high-class risk management expert, and appointed him, after the approval of the Financial Supervision Commission, as the Vice President of the Risk Management Division. I congratulate Mr. Tomasz Kubiak, who is an outstanding specialist in capital allocation and asset management, for promoting to Vice-President of the Management Board responsible for the Financial Division. Following the increasing importance of the SME sector, Bank have separated the SME Banking Division, and Mr. Tomasz Styczyński, who for the past 16 years, has been working for Citi Handlowy, will become the Vice President of the SME Division. From September the 1st, Marek Tomczuk will join us from Raiffeisen Polbank, and will assume the responsibility for the Retail Banking Division. His broad experience will meet the challenges of rapid technological advances and the increasing demands of individual customers. Mr. Michał Lehmann, previously working for the PZU Group, will assume the position of Vice President responsible for support functions, cost discipline and the Logistics Division. Mr. Andrzej Kopyrski and Mr. Adam Niewiński will continue their work with newly appointed members of the Management Board.” - said Michał Krupiński, Vice President of the Management Board of Bank Pekao S.A., leading the Management Board.

„We wish the Management Board of Bank Pekao S.A. a lot of success in achieving their ambitious goals. At the same time, we would like to thank Mr. Grzegorz Piwowar and Mr. Marian Ważyński for their many years of contribution and commitment to building the strength of Bank Pekao" - said Paweł Surówka, President of PZU S.A. and Chairman of the Supervisory Board of Bank Pekao S.A.”

From the positions of the Management Board of Bank Pekao S.A. resigned Grzegorz Piwowar, Vice President of Retail Banking and Vice President Marian Ważyński responsible for the Logistics Division.

CV of new members of the Bank's Management Board:


Since 17 years working for Bank Pekao Group. Till June 2017 he has worked in Unicredit SpA (Milan) as a Senior Vice President, with a global responsibility for market and traded credit risk management and a member of Unicredit Corporate and Investment Banking Markets; Executive Committee, in charge of risk management. Previously, from 2010 till 2013 he has worked in Unicredit Bank AG (formerly Hypovereinsbank) in Munich, supervising market, counterparty credit and operational risks management. From 2008 till 2010, he was Unicredit’s Global Head of Market Risk Architecture and Methodologies. Previously, from 2000 till 2008 he has been Market Risk Trading Book Unit, Managing Director, Head of Financial Risk Department. For 8 years he has been Member and then Secretary of the Supervisory Board of Pekao’s equity brokerage house, CDM Pekao S.A. He has started his professional career as a trader in Treasury Department of Bank Handlowy w Warszawie S.A. He holds Ph.D. in Economic from Warsaw School of Economics, and he is also an alumnus of University of Illinois (Executive MBA) and INSEAD. In 2014 he has been named Future Leader in Global Finance by the Institute of International Finance.


Since 16 years he has been working for Bank Pekao SA, starting his career in finance division in controlling area. For the last years, he held the position of Managing Director of the Department of Capital Allocation and Asset and Liability Management, responsible for managing the Bank's balance sheet, liquidity and capital. Member of the Supervisory Board of Pekao Bank Hipoteczny SA in the years 2011-2015. Graduate of the Warsaw University of Technology, Faculty of Technical Physics and Applied Mathematics. He holds CFA and PRM (Professional Risk Manager) certificates, was honored by Award of Merit by the international PRMIA organization, associating risk managers.


He has 17 years of experience in the banking sector. For 10 years he has managed distribution networks in the areas of corporate and retail banking. He graduated from the Faculty of Economics and International Relations at the Cracow University of Economics. He started his career at Bank Handlowy in the area of Corporate Banking, where he was involved in sales of financial products and led sales teams. He then took the position of SME Sales Director at DNB Nord Bank. As the Director of the Department of SME Networks at Kredyt Bank, he was responsible for the comprehensive management of the sales network. This significantly contributed to strengthening Kredyt Bank's image and brand awareness in the market. At the same time he actively participated in the work of the Bank's Management Board in creating a long-term strategy. In addition, he participated in the work of preparing the merger of Kredyt Bank with Bank Zachodni WBK, where after the merger he assumed the post of Director of the Retail Macroregion. Within the Macroregion he managed a network of retail outlets. In Raiffeisen, Polbank as a Managing Director of the Retail Banking Sales Network he successfully manages the supervised area. He is responsible for the Sales Network Management Department and the Franchise and Broker Network Department. At the same time, he is a Member of the Supervisory Board of Raiffeisen TFI and the President of Management Board of Raiffeisen Financial Services Polska Sp. z o.o.


Since 2001 he has been associated with Bank Handlowy w Warszawie S.A. He was the Director of Corporate Banking responsible for managing the sales and branch structure. He was also the Director of Relations with Large Corporate Customers and Director of the Department Development and Acquisition in Corporate Banking. He created development strategies, managed the acquisition process and was also responsible for the adequacy of the bank's offer in the area of enterprises. He coordinated efficiency and optimization projects. Previously he held the position of Director of the Corporate Center. In addition, he was a Director in the Citibank N.A Executive Development Program in London, where he was responsible for implementing the International Desk in the CEEME countries. In 2016, he was appointed a member of the Supervisory Board of Globe Trade Center for a three year term. He graduated from the Faculty of Finance and Banking and the Faculty of Management and Marketing at the Cracow University of Economics. Participant of several dozen national and foreign trainings in management, banking and finance.


He graduated from the Warsaw School of Economics with a degree in finance and banking. As a long-term employee of the Ministry of Treasury, he carried out tasks related to ownership supervision and commercialization of state-owned enterprises. As the Director of Ownership Supervision and Privatization, he was responsible for, among other things, the implementation of the Government Program for Power Engineering, one of which was the consolidation of the sector. He was a member of the Accounting Standards Committee, which develops national accounting standards in Poland. As Deputy Director of the Capital Group Management Department at PGE Polska Grupa Energetyczna S.A. he was involved in the restructuring of the group, took part in the creation of business lines and capital transformations. He was the Managing Director of the Province of the Polish Hospitaller Order of Sts. John God, where he was responsible for preparing and carrying out the process of transforming provincial hospitals into commercial law companies, developing and implementing the provincial business model, and establishing a corporate governance system. Since January 2016, he was associated with the PZU Group, where as Corporate Managing Director he was responsible for the preparation and implementation of a new corporate and ownership supervision model. Involved in projects involving the acquisition and development of cooperation with Alior Bank S.A. and Bank Pekao S.A. and increase efficiency in the areas of support functions within the Group. He participated in the development and implementation of the Group's Strategy.



Bank Pekao SA operates for 88 years and is one of the largest financial institutions in Central and Eastern Europe. In terms of capital strength measured as capital adequacy ratio, Bank Pekao is a leader among large banks operating in Poland and one of the safest banks at the Pan-European level (Pekao Core Tier 1 ratio at the end of the  first quarter of  2017 is at the level of 17.8%). 


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