photo: Panek / CC BY 3.0 / Wikimedia Commons/PKP Cargo office in Warsaw
With its financial stability hanging by a thread, PKP Cargo restructures its leadership, betting on new faces to lead Poland’s struggling national freight operator out of crisis.
Effective February 1, 2025, Agnieszka Wasilewska-Semail will assume the role of President of PKP Cargo, with Artur Warsocki joining the board as the Commercial Director. Starting earlier, on January 1, 2025, Sebastian Miller will oversee operations, and Paweł Miłek will manage restructuring efforts.
The appointment of this new leadership team comes as the Polish government prioritizes the financial health of PKP Cargo, which is currently under judicial restructuring. Interim President Marcin Wojewódka and Chief Financial Officer Monika Starecka will return to their prior roles on the supervisory board.
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Who is the New President of PKP Cargo?
Agnieszka Wasilewska-Semail brings an impressive resume to PKP Cargo. She holds a law degree from the Catholic University of Leuven in Belgium and the Faculty of Law at the University of Warsaw. Her career spans over 18 years in finance, including roles at Bank Brussels Lambert (now ING Bank Belgium) and PKO Bank Polski S.A.
From 2014 to 2020, she served as the President and Vice President of Rafako S.A., a state-owned energy company. She has held numerous executive and supervisory roles in finance and energy, including her recent position as a board member at Eneris Group. Additionally, Wasilewska-Semail is a member of the Polish Chamber of Commerce for Energy and Environmental Protection.
New Board Members of PKP Cargo
- Artur Warsocki: A logistics professional with experience at Lotos and CTL since 2015.
- Sebastian Miller: A seasoned expert in railway construction and industrial projects.
- Paweł Miłek: A legal restructuring specialist transitioning from PKP Cargo's supervisory board to its management team.
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Market Reaction
Following the announcement of the new leadership, PKP Cargo’s stock price rose by 4% on the Warsaw Stock Exchange. However, the year-end valuation remains on par with levels seen before the restructuring efforts began in the spring of 2024.
Source: RAILTARGET; PKP Cargo