Company Authorities

Wiesław Malicki is a graduate of the University of Physical Education in Warsaw with a degree in teaching and coaching. He also completed postgraduate studies at the University of Gdansk in cooperation with GFKM, BCC and RSM Erasmus University Rotterdam as a validating institution – having obtained the Executive MBA title; postgraduate studies at the Faculty of Management of the University of Warsaw in the field of management in medical entities in the era of ownership changes; postgraduate studies at the Faculty of Economics of the University of Real Estate Management in Warsaw in the field of real estate management; as well as a postgraduate course in the functioning of the banking and insurance services sector at the Prof. L. Kozminski International School of Management in Warsaw. In addition, he completed a course for members of supervisory boards in sole-shareholder companies of the State Treasury and companies with the State Treasury’s stake, confirmed by a state exam and diploma. He began his professional career in the private sector. During this time, he managed, among others, a company implementing, on behalf of a foreign entity, large-scale commercial buildings and other investment projects in Warsaw, including in the field of engineering construction. He was President of the Management Board of TBS Mokotów Sp. z o.o., a municipal company engaged in social housing and property management. Since 2007, he managed state-owned companies operating in the commercial real estate sector. He participated in the commercialization and restructuring of companies involved in the formation of Polski Holding Nieruchomości S.A., one of the largest companies in this sector in Poland and Europe. He has also served on several supervisory boards and participated in many specialized training courses. Since July 2013, he held the position of Vice-President of the Management Board of Mazowiecki Szpital Bródnowski w Warszawie Sp. z o.o., and since October 2013 he has been Chairman of the Supervisory Board of M.Sz.W.Drewnica Sp. z o.o. Currently, he is also a lecturer of medical MBA programs at the Gdansk Foundation for Management Development (GFKM).

Mr. Jacek Krawczykowski assumed the position of Vice President – Member of the Management Board for Investments on April 24, 2024. He is an expert in the field of planning and implementation of housing and commercial projects. Within the structures of Polski Holding Nieruchomości S.A., he is responsible for the investment division, strategy, marketing and investor relations. Member of the Construction Committee at the Business Centre Club.

From 2021 to 2024, he was the President of the Management Board of a real estate company, where he managed the company’s operations with a particular focus on investment oversight and cooperation with financial institutions. Most recently, he was involved with Zakład Gospodarki Mieszkaniowej Sp. z o.o. in Ostrzeszów as an advisor to the Management Board. Since 2010, he ran a business, where he provided legal due diligence services to Panatoni BTS Sp. z o.o., among others, as well as supervision and investment advisory services. From 2014 to 2021, as President, Member of the Management Board of various business entities, he was responsible for overseeing investments, working with the public sector and obtaining financing.

Member of the Investment Board for Trust Funds at BGK and the Marshal’s Office of the Greater Poland Voivodeship (UMWW). He passed the state exam for Candidates for Supervisory Board Members in state-owned companies. He is a graduate of Adam Mickiewicz University in Poznań, as well as Finance and Accounting at Wrocław University of Economics and Business. He obtained the title of Master of Business Administration with a specialization in Real Estate at Łukaszewski University in cooperation with Universidad de Sevilla and Universidad Loyola. He graduated from INSEAD Business School – Building Strategic Partnerships and Ecosystems Program and EY Academy of Business – Construction Projects Academy. He holds a certificate of completion of the "Financial Assessment of Investment Projects" course at Kozminski University. He has also completed numerous training courses in the fields of public procurement, digital competencies, and management.

Grzegorz Grotek has 15 years of experience in finance and accounting in the real estate industry. From 2020 to 2024, he was Chief Financial Officer at Operator ARP Sp. z o.o.; from 2018 to 2020, Director of Accounting and Taxes, Chief Accountant at PFR Nieruchomości S.A. In the years 2009-2017, he headed the Accounting and Tax team at Polski Holding Nieruchomości S.A. Grzegorz Grotek is a graduate of the Faculty of Management of the University of Warsaw. He has extensive experience in the areas of implementation of financial management and accounting strategies, implementation of optimization processes, International Financial Reporting Standards, mergers and divisions of companies or spin-offs.

Mr. Maciej Klukowski assumed the position of Member of the Management Board for Managing Property Assets on 17 May 2024. He has more than 15 years of experience in the real estate market in the area of rental and sales. He also has experience in implementing new products in the market and managing rental and sales teams. He has participated in the restructuring processes of real estate companies and their listing on the Warsaw Stock Exchange. From 2017 to 2024, he was Director of Home Management at Metrohouse Franchise S.A., owned by DUNA HOUSE HOLDING, where, among other things, he created PRS products, managed apartments for rent and developed new products. From 2015 to 2017, he was Director of Sales and Rental at Orange Polska S.A., where, among other things, he took part in the creation of a real estate portfolio sales strategy and led the rental and sales of Orange portfolio properties across the country. From 2007 to 2015, as Director of the Rental Office, he led the work of the rental team of Polski Holding Nieruchomości S.A. (and previously DIPSERVICE S.A.). He graduated from the University of Warsaw with a degree in Accounting and Finance, completed his PhD studies at the Warsaw School of Economics, and holds a PhD from the University of Physical Education.

Took the office on March 13th 2024. Member of the Audit Committee and the Remuneration and Nomination Committee.

Sławomir Frąckowiak has many years of experience in managing state-owned companies as well as companies in the private sector, including those listed on the Warsaw Stock Exchange. Moreover, he has experience working in supervisory boards, having served as, among others, Vice-Chairman of the Supervisory Board of the Turów Wind Power Plant, member of the Supervisory Board of BOT Górnictwo i Energetyka S.A., member of the Supervisory Board of Zakład Energetyczny Łódź-Teren S.A., member of the Supervisory Board of ZELMER S.A., Chairman of the Supervisory Board of Dvarcioniu Keramika in Lithuania, and member of the Supervisory Board of Polfa-Kutno S.A. He is skilled at managing human resources and social relations, and has experience working with trade unions and social organizations.

He began his career at Opoczno S.A., where, from 1983 to 1998, he successively served as production foreman, department manager, plant manager and production director. Subsequently, from 1998 to 1999, he served as a member of the Management Board, and from 1999 to 2005 as President of the Management Board of Opoczno S.A. From 2006 to 2008, he ran his own business, INFO-CER, where he provided management consulting services. From 2008 to 2009, he served as a social dialog advisor at PGE Polska Grupa Energetyczna S.A. From 2009 to 2011, he worked as Vice-President of the Management Board of Dipservice, which, following a merger in 2011, became part of Warszawski Holding Nieruchomości. From 2011 to 2014, he was a member of the Management Board of Polski Holding Nieruchomości S.A., and from 2014 to 2015 he was the Managing Director responsible for, among others, preparing the company for its privatization process and successful IPO in 2013. In 2016-2017, he was an advisor to the Management Board of Ceramika Tubądzin. Sławomir Frąckowiak is a graduate of the Faculty of Materials Engineering at the AGH University of Krakow, the Faculty of Entrepreneurship and Enterprise Management at the Wyższa Szkoła Biznesu National-Louis University in Nowy Sącz (WSB-NLU), and holds a degree in social psychology in organisation development management from SWPS University in Warsaw.

Took the office on March 14th 2024. Member of the Audit Committee and the Strategy and Investments Committee.

Cezary Nowosad has extensive experience managing commercial entities. He has served as a member of the management boards of investment companies and enterprises listed on the Warsaw Stock Exchange. He also has experience in the supervisory boards of both state-owned and private sector companies as well as listed companies in regulated markets.

He graduated from the Faculty of Physics at the University of Warsaw (majored in physics and medical physics) and completed PhD studies at the Collegium of Management and Finance of the Warsaw School of Economics (majored in finance and management). He has also completed investment advisor and securities analyst studies (Privatization Center). He has been involved with the capital market since 1997. Director of Development and Analysis Department of Bondspot S.A. since 2000, since 2004 at Nafta Polska S.A., initially as advisor to the President, and later as member of the Management Board and Vice-President of the Management Board. In 2004-05, he participated in the IPOs of Grupa Lotos S.A., Zakłady Chemiczne Police S.A., and Zakłady Azotowe Puławy S.A. He was responsible for the process of restructuring and privatization of entities of the Large Chemical Synthesis (Zakłady Azotowe in Tarnów S.A., Zakłady Azotowe Kędzierzyn S.A., Zachem S.A., ZCh Sarzyna). In February 2006, he assumed the position of Vice-President of the acting Chairman of the Management Board of Towarzystwo Obrotu Nieruchomościami AGRO S.A. From 2006 to 2016, as President of the Management Board of IPO Doradztwo Strategiczne S.A. and President of the Management Board of INVISTA Brokerage House, he led more than a dozen IPOs of companies listed on the WSE. Business Centre Club capital market expert. He has served on the supervisory boards of many public and private companies, including: Grupa LOTOS S.A., AGROMAN Sp. z o.o., Narodowy Fundusz Inwestycyjny Progress S.A., Petrobaltic S.A., Naftoport Sp. z o.o., SovereignFund Towarzystwo Funduszy Inwestycyjnych S.A., PLASTBOX S.A., Setanta S.A., and Mateus sp. z o.o.

Took the office on 25 July 2024. Member of the Strategy and Investments Committee.

Elżbieta Buczek is an attorney, partner in the law firm Dubois & Partners, where she heads the administrative and tax law department. She represents clients in administrative proceedings, including reprivatisation proceedings, cases involving, among others, construction law, hotel law and EU funds, as well as in tax and penal-fiscal proceedings, and civil proceedings, including compensation proceedings. She has participated in legislative works, among others on the draft reprivatisation bill. Her experience has been shaped not only by legal practice but also by academic pursuits, as a lecturer in administrative law and municipal law at the Cardinal Stefan Wyszyński University in Warsaw. She has conducted training for public entities and post-secondary schools. She is a lecturer in administrative, judicial-administrative and tax law in the attorney training program at the Warsaw Bar Association. She is the author of publications on legal topics and a co-author of a commentary on the decree on property ownership and land use in the city of Warsaw, as well as a commentary on the law on the medical and dental professions. She also serves as the Deputy Disciplinary Spokesman of the Warsaw Bar Association and is a member of the Foundation’s Council dealing with hospice care. She graduated with honors from the Faculty of Law and Administration at the University of Warsaw, as well as with honors from the Faculty of Polish Studies at the University of Rzeszów.

Took the office on March 14th 2024. Chairwoman of the Remuneration and Nomination Committee.

Agata Kotwica-Stefańska runs her own law firm, providing a broad range of services to entrepreneurs. She is a graduate of the University of Lodz, Faculty of Law and Administration, majoring in law. She completed her attorney’s traineeship at the Lodz Bar Association, where she passed the bar exam and was placed on the attorney’s register. Since 2017, she has operated her own law firm, cooperating with partners from all over Poland, including large law firms, in providing services to entrepreneurs, partnerships and commercial companies. Her activities also include providing services to entities on the real estate market, both in terms of day-to-day legal support (including drafting and reviewing contracts) and representation in lawsuits and proceedings before public administration and administrative courts. She also provides services to entrepreneurs in matters of industrial property and copyright protection. In 2021, she completed the “Tax Advisor Academy” course at the MDDP Business Academy Training Center. She has also been active academically as a lecturer at the University of Humanities and Economics in Lodz and as a lecturer at the Lodz Bar Association, involved in training of apprentice attorneys.

Took the office on March 13th 2024. Chairman of the Audit Committee and Member of the Strategy and Investments Committee.

Michał Wnorowski is an expert in corporate governance and a member of the Association of Independent Non-Executive Directors. Currently a non-executive member of supervisory boards and a member of audit committees of listed companies: PolTREG, PKP Cargo, Medicalgorithmics, EMC Instytut Medyczny. Previously, he sat, among others, on the supervisory boards and audit committees of the following companies: Polwax, Tower Investments, Alumetal, Arteria, Voxel, Develia, Robyg, Enter Air, EMC Instytut Medyczny, Braster, Travelplanet.pl, Elektrobudowa, Armatura Kraków, ARM Property. He has worked in the financial markets since 1995. From 2012 to 2016, he was Investment Director in charge of the PZU Group’s Long-Term Equity Portfolio, where he was responsible for the largest equity investment projects and coordination of investments in this asset class across the PZU Group. Previously, the long-time director of the analysis and corporate governance team at PZU Group, responsible for such areas as analysing and selecting companies for investment portfolios and subsequent supervision of portfolio companies. He has experience in investment project management, market analysis, analysis and valuation of enterprises, securities portfolio management and supervision of mergers and acquisitions. He is a graduate of the Warsaw School of Economics and the Krakow University of Economics.

Took the office on March 14th 2024. Chairman of the Strategy and Investments Committee and Member of the Remuneration and Nomination Committee.

Marcin Zajączkowski is an experienced business practitioner who has been involved in the service industry for 30 years, in particular with the hotel, spa and wellness, tourism and health resort industries. He has worked his way up through all levels of the career ladder, and since 2011 has served as President of the Management Board of one of the largest health resort companies in Poland, Uzdrowisko Ciechocinek S.A. He is an active contributor to the academic community, serving as a lecturer and speaker, as well as an expert on the transformation process of the health spa treatment system in Poland.

From 2003 to 2011, he was Director of Marketing and Sales and Managing Director of Medical, Spa&Wellness hotels nationwide. From 2004 to 2010, he served on the Marketing Committee of the Polish Prestige Hotels & Resorts Foundation. He is a graduate of the Faculty of Law and Administration and holds a PhD in management and quality sciences (the Faculty of Economic Sciences and Management) from Nicolaus Copernicus University in Toruń. He earned a Master of Business Administration (MBA) degree from Dominican University in Chicago/Nicolaus Copernicus University in Toruń. He also completed postgraduate studies in the field of Manager in Healthcare at the Copernicus Academy of Health Services at Nicolaus Copernicus University in Toruń.

Objęła funkcję 21 lipca 2025 r.

Pani Kamila Szmorlińska posiada ponad 25-letnie doświadczenie zawodowe w obszarze nadzoru właścicielskiego. Zastępca Dyrektora Departamentu Nadzoru Właścicielskiego w Ministerstwie Aktywów Państwowych, obecnie kierująca pracami Departamentu. Odpowiedzialna za wykonywanie nadzoru właścicielskiego nad spółkami z udziałem Skarbu Państwa, w tym o istotnym znaczeniu dla gospodarki państwa oraz notowanych na Giełdzie Papierów Wartościowych.

Jej kompetencje obejmują zakres prawa handlowego, obszaru corporate governance oraz nadzoru właścicielskiego nad strategicznymi spółkami z udziałem Skarbu Państwa. Kieruje i uczestniczy w pracach związanych z wykonywaniem praw z akcji i udziałów w spółkach z udziałem Skarbu Państwa, w tym w procesach restrukturyzacji, konsolidacji, wdrażania i monitorowania programów strategicznych, oceny efektywności prowadzonych w spółkach projektów inwestycyjnych.

Posiada złożony egzamin dla kandydatów na członków organów nadzorczych w spółkach z udziałem Skarbu Państwa. Legitymuje się szerokim doświadczeniem w pełnieniu funkcji w radach nadzorczych spółek z udziałem Skarbu Państwa, zdobywając doświadczenie w różnych sektorach gospodarki państwa.

Ukończyła studia magisterskie - Wyższa Szkoła Ubezpieczeń i Bankowości w Warszawie na kierunku finanse i bankowość, jak również wiele kursów i szkoleń z obszaru finansów, zarządzania i prawa, w tym: związanych z raportowaniem ESG, wyceną przedsiębiorstw, cyberbezpieczeństwem, czy restrukturyzacją podmiotów gospodarczych.

Objęła funkcję 27 października 2025 r.

Pani Agnieszka Celińska posiada wieloletnie doświadczenie w zarządzaniu, w tym zarządzaniu spółkami z udziałem Skarbu Państwa, restrukturyzacji przedsiębiorstw, wdrażaniu strategii rozwoju i inwestycyjnych, sprawowaniu nadzoru właścicielskiego, prowadzeniu procesów kupna i sprzedaży spółek. Ponadto posiada doświadczenie w restrukturyzacji portfela nieruchomości i zarządzania nieruchomościami. Ekspert w obszarze zarządzania projektami, wdrażania strategii komercjalizacji innowacji dla firm z sektora MŚP i dużych oraz zarządzania własnością intelektualną. Posiada bardzo duże doświadczenie  w pozyskiwaniu finansowania, w tym z funduszy UE oraz prowadzeniu projektów B+R i inwestycyjnych dla przedsiębiorstw produkcyjnych i usługowych działających w wielu branżach (m.in. informatycznej, inżynieryjnej, energetycznej, finansowej, budowlanej, chemicznej, medycznej, papierniczej, tworzyw sztucznych i przemysłów kreatywnych). Agnieszka Celińska jest absolwentką Wydziału Nauk Społecznych Uniwersytetu Śląskiego w Katowicach oraz Studiów Menadżerskich Kolegium Zarządzania i Finansów Szkoły Głównej Handlowej w Warszawie. Ponadto posiada dyplom Master of Business Administration Szkoły Głównej Handlowej w Warszawie. Ukończyła także studia podyplomowe w zakresie zarządzania projektami Uniwersytetu Ekonomicznego  w Katowicach i Uniwersytetu Warszawskiego. Posiada złożony egzamin dla kandydatów na członków organów nadzorczych w spółkach z udziałem Skarbu Państwa.

Objął funkcję 27 października 2025 r.

Pan Krzysztof Śmigielski jest radcą prawnym, absolwentem Wydziału Prawa i Administracji Uniwersytetu Mikołaja Kopernika w Toruniu. Aplikację radcowską odbył przy Okręgowej Izbie Radców Prawnych w Toruniu, uzyskując wpis na listę radców prawnych w 2011 r. Pan Krzysztof Śmigielski posiada wieloletnie doświadczenie w świadczeniu kompleksowej pomocy prawnej oraz doradztwie dla podmiotów gospodarczych i administracji publicznej. Przez kilka lat prowadził kancelarię radcy prawnego, specjalizując się w obsłudze przedsiębiorstw, w tym spółek kapitałowych z sektora odnawialnych źródeł energii (OZE). Jego praktyka obejmowała m.in. doradztwo w zakresie spraw korporacyjnych, kontraktowych oraz regulacyjnych. Pełnił funkcję pozaetatowego członka Samorządowego Kolegium Odwoławczego w Toruniu. Od kilku lat współpracuje z jednostkami samorządu terytorialnego oraz ich jednostkami organizacyjnymi, w tym spółkami komunalnymi i samodzielnymi publicznymi zakładami opieki zdrowotnej. Posiada również bogate doświadczenie w zakresie zarządzania i nadzoru właścicielskiego. Pełnił funkcję Prezesa Zarządu spółki Dynamic Software Solutions Sp. z o.o. w Toruniu, gdzie odpowiadał za strategiczny rozwój firmy w branży IT. Zasiadał w Radzie Nadzorczej Miejskiego Budownictwa Mieszkaniowego Sp. z o.o. we Włocławku, uczestnicząc w procesach decyzyjnych dotyczących rozwoju zasobów mieszkaniowych, inwestycji budowlanych oraz zarządzania majątkiem komunalnym. W ostatnim czasie był członkiem Rady Nadzorczej Krajowej Grupy Spożywczej S.A. w Toruniu – strategicznej spółki Skarbu Państwa, jednej z kluczowych w sektorze rolno-spożywczym. W ramach tej funkcji m.in. nadzorował realizację strategii rozwoju, procesy inwestycyjne oraz wspierał zarząd w ocenie ryzyk prawnych i gospodarczych.