Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Poland's Grupa Azoty ousts CEO Skolmowski after less than year on the job
    Finance

    Poland's Grupa Azoty ousts CEO Skolmowski after less than year on the job

    Published by Global Banking & Finance Review®

    Posted on February 12, 2026

    1 min read

    Last updated: February 12, 2026

    Image depicting the founders of The Entertainer, Gary and Catherine Grant, announcing the transition of their toy retailer to employee ownership, emphasizing the significance of this move in the finance sector.
    Founders of The Entertainer toy chain hand over control to workers - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:managementfinancial crisiscorporate governance

    Quick Summary

    Grupa Azoty has dismissed CEO Andrzej Skolmowski amid financial struggles. The Ministry plans recapitalization, with interim leadership assigned.

    Grupa Azoty Dismisses CEO Andrzej Skolmowski After Less Than a Year

    Grupa Azoty's Leadership Changes

    By Rafal Wojciech Nowak and Alicja Surdy

    Reasons Behind the CEO Dismissal

    GDANSK, Poland, Feb 12 (Reuters) - Poland's Grupa Azoty has dismissed CEO Andrzej Skolmowski, in the role since June 2025, and two other management board members, the chemicals group said on Thursday.

    Future Plans for Grupa Azoty

    Azoty has been in financial trouble since late 2022 due to high gas prices, cheap fertilizer imports from Russia and Belarus, and cost overruns at its flagship polymer production project.

    Interim Leadership

    Poland's Ministry of State Assets, Azoty's largest shareholder, said in a statement published on its website that it planned to recapitalize the group, and that the supervisory board expected a new management to bring Azoty closer to an agreement with its creditors.

    "The group's situation is still very difficult," Erste analyst Jakub Szkopek told Reuters. He also noted the CEO ouster follows recent management changes in other state-controlled companies such as KGHM and JSW.

    Azoty's supervisory board has tasked vice chair Aleksandra Machowicz-Jaworska to perform the CEO duties for up to three months starting Friday, the regulatory filing showed.

    (Editing by Milla Nissi-Prussak)

    Table of Contents

    • Grupa Azoty's Leadership Changes
    • Reasons Behind the CEO Dismissal
    • Future Plans for Grupa Azoty
    • Interim Leadership

    Key Takeaways

    • •Grupa Azoty dismisses CEO Andrzej Skolmowski.
    • •Financial troubles due to high gas prices and imports.
    • •Poland's Ministry plans to recapitalize the group.
    • •Interim CEO duties assigned to Aleksandra Machowicz-Jaworska.
    • •Follows management changes in other state-controlled companies.

    Frequently Asked Questions about Poland's Grupa Azoty ousts CEO Skolmowski after less than year on the job

    1What is corporate governance?

    Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled, ensuring accountability, fairness, and transparency in a company's relationship with its stakeholders.

    2What is a management board?

    A management board is a group of individuals who are responsible for overseeing the operations and strategic direction of a company, typically including senior executives and directors.

    3
    What is a financial crisis?

    A financial crisis is a situation in which the value of financial institutions or assets drops rapidly, often leading to a loss of confidence in the financial system and causing economic instability.

    More from Finance

    Explore more articles in the Finance category

    Image for Olympics-Ukraine's Sports Minister says Heraskevych decision unjust but team will remain at Games
    Olympics-Ukraine's Sports Minister says Heraskevych decision unjust but team will remain at Games
    Image for Kraft Heinz forecasts about $950 million in 2026 capital spending
    Kraft Heinz forecasts about $950 million in 2026 capital spending
    Image for How Schaeffler's bet on humanoids is beating auto sector blues 
    How Schaeffler's bet on humanoids is beating auto sector blues 
    Image for European utilities slide on talk of EU emissions trading changes
    European utilities slide on talk of EU emissions trading changes
    Image for US import block on vapes could cut illegal sales by a third, BAT says
    US import block on vapes could cut illegal sales by a third, BAT says
    Image for UK's SFO reviews 20 cases after bribery prosecution collapses
    UK's SFO reviews 20 cases after bribery prosecution collapses
    Image for AI cloud firm Nebius posts surge in capex on GPU, data center expenses
    AI cloud firm Nebius posts surge in capex on GPU, data center expenses
    Image for Zebra Technologies shares rise on upbeat 2026 forecast, $1 billion stock buyback plan
    Zebra Technologies shares rise on upbeat 2026 forecast, $1 billion stock buyback plan
    Image for Belgian police raid EU offices, Belgian wealth fund over possible fraud
    Belgian police raid EU offices, Belgian wealth fund over possible fraud
    Image for CarMax taps former IHG chief Keith Barr as CEO
    CarMax taps former IHG chief Keith Barr as CEO
    Image for Exclusive-Jet engine maker CFM studies plan B for next fuel-saving design, sources say
    Exclusive-Jet engine maker CFM studies plan B for next fuel-saving design, sources say
    Image for LSEG to build blockchain-friendly digital settlement platform
    LSEG to build blockchain-friendly digital settlement platform
    View All Finance Posts
    Previous Finance PostLSEG to build blockchain-friendly digital settlement platform
    Next Finance PostRussia's Yamal LNG resumes transhipments near Murmansk, data shows