Sławomir Panasiuk Appointed Vice President of Warsaw Stock Exchange After KNF Approval

On June 3, 2024, the Warsaw Stock Exchange (GPW) announced the official appointment of Sławomir Panasiuk to the position of Vice President of its Management Board. This follows the final and enforceable approval from the Polish Financial Supervision Authority (KNF).

The approval from KNF concludes a process initiated by GPW's Current Report No. 12/2024, dated April 23, 2024, which proposed the change to its Management Board. The announcement marks a significant shift in GPW's leadership structure.

As of the publication of this report, the share price of GPW stood at 46.2002 PLN. This development is vital for the company, ensuring the stability and continuity of its operations.

Why this matters: The appointment of Sławomir Panasiuk as Vice President of GPW has significant implications for the stability and efficiency of the Polish capital market. His leadership and expertise in IT and technology are expected to drive key projects and enhance the operational efficiency of the Exchange, which may have a positive impact on the overall economy.

Panasiuk will take on the role of Vice President with a focus on Information Technology (IT) and technology. His responsibilities include overseeing the launch of the Warsaw Automated Trading System (WATS), a major technological project for GPW. Under his leadership, the Exchange aims to implement the new trading system, adapt to technological trends, and enhance cyber security.

Panasiuk expressed his enthusiasm for the role, stating, "Modern technologies and IT systems are key to the efficient operation of the GPW Group and the entire Polish capital market. I am delighted to join the Warsaw Stock Exchange at the time of implementation of one of the most important technology projects in the history of our market."

Panasiuk brings extensive experience to GPW, having served as a member of the Management Board of Krajowy Depozyt Papierów Wartościowych (KDPW) since 2006, Vice-President of KDPW since 2009, and Vice-President of the Management Board of the clearing house KDPW_CCP since 2011. He has also been a member of the Supervisory Board of Bondspot S.A., IRGIT S.A., and Centrum Giełdowe S.A.

His educational background includes a Master of Engineering degree from the Cybernetics Department of the Military University of Technology, a postgraduate degree in computer science, a PhD in Economic Sciences from the Warsaw School of Economics, and a postgraduate management program (AMP) from the University of Navarra's School of Management - IESE.

The appointment of Sławomir Panasiuk as Vice President of GPW marks a significant turning point for the Warsaw Stock Exchange. His extensive experience and expertise in IT and technology are expected to drive the successful implementation of key projects and enhance the operational efficiency of the Exchange.

Key Takeaways

• Sławomir Panasiuk appointed Vice President of Warsaw Stock Exchange (GPW) Management Board.
• Appointment approved by Polish Financial Supervision Authority (KNF).
• Panasiuk to oversee IT and technology, including Warsaw Automated Trading System (WATS) launch.
• He brings extensive experience from Krajowy Depozyt Papierów Wartościowych (KDPW) and other roles.
• Appointment expected to enhance GPW's operational efficiency and stability.