The new head of Polskie Inwestycje Rozwojowe (PIR) is expected to be selected by the end of the week, the business server parkiet.pl reports. Along with the state-owned bank Bank Gospodarstwa Krajowego, PIR will be overseeing the government’s program called Polish Investments (Inwestycje Polskie). Poland’s Treasury has raised PLN 5bn by selling off 11.75 percent of shares in Poland’s biggest lender PKO BP.
Poland’s Treasury has refused to disclose any specific candidate names at this stage, as discussions with them are due to close on Friday. PIR expects its new boss would have at least 15-years of professional experience at investment banks, or managing private equity vehicles.
