OPINIONS
Puls Biznesu, 14.04.2008, Igor Chalupec will manage funds, by Paweł Janas and Grzegorz Nawacki
Igor Chalupec, former Deputy President of the PEKAO SA Management Board, Deputy Finance Minister and President & CEO of the PKN ORLEN Management Board. He is not going to rest on his laurels. After successful participation in the private equity transaction – sale of logistics company CTL shares to the Bridgepoint fund–he increasingly tightens his relations with the financial market.
Puls Biznesu, 14.04.2008, According to the expert, Wiesław Rozłucki, the former President of Warsaw Stock Exchange
Igor Chalupec was raised on the capital market, he has also got experience in banking sector. Efficient accomplishment is not unfamiliar to him, what he has lately proved e.g when selling CTL. (…)
Forbes, 01.2008. Ranking of the largest mergers & acquisitions in 2007
Igor Chalupec was a new player in the consultancy M&A market. As a President of the Management Board of Orlen he has already worked on the largest transactions last-year but he hired people to carry it out.. however, after quitting Orlen, he revealed himself as an advisor to Jarosław Pawluk, who sold 75% of CTL Logistics shares to Bridgepoint fund at the end of last year .
Gazeta Wyborcza, 19.01.2007, PiS got PKN ORLEN back
(…) Change of Orlen’s president is bad news for both the company and whole Polish economy - said Mark Mobius, an investor guru of emerging markets, on Wednesday.
Puls Biznesu, 19.01.2007, According to Janusz Lewandowski, retrieval of Orlen became an element of a settlement
Igor Chalupec is one of the last real managers to have survived in the public sector.
Zycie Warszawy, 16.01.2007, Igor Chalupec has to ultimately leave PKN ORLEN, by Aneta Stabryła
(…) He is perceived as an outstanding expert, manager each company would die to employ.
Gazeta Wyborcza, 16.01.2007, ORLEN retrieved, by Witold Gadomski
(…) Chalupec is a fantastic manager, no one doubts in his competence. He fought a successful battle over the refinery in Możejki with Russian concerns. Chalupec gained respect and trust in Lithuania, whose government treated the Polish investment favorably.
Rzeczpospolita, 23-26.12.2006, Winners and Losers, passing 2006 was exceptional
Polish managers who can take pride in business achievements. Igor Chalupec - Orlen took corporate control over the Lithuanian company, which the Russians also wanted to purchase. The success in Lithuania was achieved among others thanks to the company’s president.
Przekrój, 12.04.2006, Time of the brokers, by Grzegorz Rzeczkowski and Juliusz Ćwieluch
On first sight, the cabinet of Orlen’s president does not expose the power, which the post of this company boss gives. Plush coated couches, a classical desk and him Igor Chalupec eating fudges. (…) He endears people with warmth and cordiality. Maybe he took it after his aunt – a once famous actress – Pola Negri.
Puls Biznesu; 30.12.2005, Subjective ranking of „PB” Leaders of the Polish business
Igor Chalupec. Mere observation of the quotations diagram of PKN Orlen he manages can serve as the whole recommendation. He took over a company associated mainly with political affairs and not fuel trade and in a few months turned it into a transparent company, limiting the risk premium by a couple dozen’s percent. It was reflected in prices of the shares and position of the Middle Europe’s giant.
Forbes, 27.10.2005, Born leaders, by Zuzanna Matyjek
"Magnet man. He proved his leadership power and the ability to build a strong team, regardless of the sector. A strategist who united people around his vision. He was the mainstay of changes in the Pekao SA bank and now he is changing Orlen" – decided the jury of the ranking of Polish business leaders, granting Igor Chalupec the third place.
Business Week/Polska, 20.01.2005, Constellation of winners and losers, by Dariusz Styczek
After resignation from vice-presidency in the bank, he was believed to be one of the three best Polish free managers. But before he became PKN Orlen president late Autumn 2004, he had an episode in the public administration. He was the Deputy Finance Minister responsible for capital market. He took the helm in Orlen due to political indifference and unblemished opinion.
Rzeczpospolita, …My Orlen I can see great, by Jarosław Olechowski
(…) The so-far apt forty-year-old manager has always had his own way. (…) He was the co-author of the biggest financial merger in Poland: Pekao SA with three other banks. (…) Chalupec would not be a perfectionist, if his inborn resourcefulness was not accompanied by hard work.
Puls Biznesu, 22.12.2004, Not the best time for a merger, by Jacek Ziarno and Paweł Janas
Igor Chalupec - Financial pedigree. Born in 1966, is the youngest of PKN Orlen’s bosses, moreover he has never been connected with oil sector. He gained managerial experience mainly in the banking sector. He worked in Pekao SA for many years, where, climbing the professional ladder, he reached the company vice-president role.
Polityka nr 46 (2219), 13.11.1999, Fellowship of the leaders, Report of Polityka
Profiles of managers, in the market believed to be (among others the head hunters) bosses of the future – Igor Chaluec’s profile.
BUILDING AND IMPLEMENTATION OF STRATEGY, VALUE CREATION PROGRAM
EUROMONEY Magazine, 6 June 2006
„„According to the latest survey carried out by the EuroMoney Magazine, PKN ORLEN was named as a company with the most convincing and coherent strategy „Value Creation Strategy 2005-2009” in Central and East European “Oil and gas” sector.”
EuroMoney Magazine, 6 June 2006
Puls Biznesu, 05.09.2005, Investors tank refinery’s shares full, by Sebastian Gawłowski
Orlen is at present investor’s pet. It is worth pointing out that exceptionally fine market conditions do not put the management to sleep. It systematically carries out the restructuring program. When Igor Chalupec took over the post of PKN Orlen’s president, „PB" forecasted that the company has finally get a management board that will aim at long-term value creation. We were not disappointed. Cost reduction, which is expected to improve the profitability, is already visible. Orlen choses the path of development through taking over refineries in other countries. It has so far faced problems in Unipetrol (differences in price expectations of the parties and interim loss of voice in shares). The investors approach these problems very calmly, so they don’t seem to influence the course undertaken. What is more important is the rising potential of Orlen and the expected profits connected with entrance into new markets.
Rzeczpospolita, 01.10.2004, Soaring Orlen
The market responded really well to changes in PKN ORLEN’s management board. (…) Finally, PKN ORLEN’s shares gained 4,5 proc., setting a new price record this way.
Rzeczpospolita; 07.01.2004, Capital market, City by Wisła, G.BR.
Assumption of the plan („Agenda Warsaw City 2010”) prepared by Deputy Finance Minister Igor Chalupec is strengthening the role of Warsaw as a regional financial centre.
Puls Biznesu, 24.09.2003,Stock market tax is not a threat to the Stock Exchange, by Michał Kobosko and Artur Szymański
Man of the market. Igor Chalupec (…). Licensed securities broker. He graduated a management course in the Academy of International Business in Milan and trainings for management team in Kellogg Business School (…), in Chicago and in International Law Institute in Washington. 1995-2003 member of the management board of Pekao SA. He supervised, among others the process of bank’s privatization.
MERGERS & AQUISITIONS
Dziennik, 27.05.08, The Russians will have to value the enormous Middle-European concern; Orlen bought Możejki refinery; by Tomasz Dąbrowski
Purchase of Możejki is the greatest professional success of Igor Chalupec, the president of the management board of PKN ORLEN.
Parkiet, 22.11.2007, Bridgepoint bought CTL Logistics, by Jerzy Mączyński
(…) Igor Chalupec, former president of PKN ORLEN, advised the seller on the transaction (…).
Puls Biznesu, PE Fund Bridgepoint completed purchase of 75% of CTL Logistics, 21.11.2007, by Katarzyna Piłat
Bridgepoint completed purchase of 75% of CTL Logistics* (the largest private logistic company in Poland) .. This is the biggest transaction completed by a private equity fund in Poland this year.”
*Igor Chalupec advised the owner of CTL Logistics in the divestment process and negotiations on the final terms of the transaction.
Rzeczpospolita, 29.05.06, Orlen got Możejki (Last week in economy)
Acquisition of Możejki is the greatest Polish foreign investment in history. As a result, Orlen will become a leader in Central Europe.
Rzeczpospolita, 27-28.05.2006, Orlen grows to become a tycoon, by s.g.
By acquisition of the Lithuanian refinery Możejki, PKN ORLEN became the biggest petroleum company in Central Europe.
Gazeta Wyborcza, 26.05.2006; PKN ORLEN as a giant; by Dariusz Malinowski and Andrzej Kublik; the comment „Polish - Lithuanian Petroleum Union” – Andrzej Kublik
(…) Success in Lithuania is owed by Orlen to its present management board, led by Igor Chalupec (…)
MANAGEMENT, CORPORATE GOVERNACE, ETHIC
Rzeczpospolita, 6.02.2006, Real actions of the company and strong words; by sz.k.
(…) In the corporate governance ranking, prepared by IBnGR and Rzeczpospolita, PKN ORLEN received an A-, that is the second subsequent category.
Parkiet, 23.03.2005, Corporate governance and order in Orlen, by p.p.
(…) „Taking over the principles of corporate governance by Orlen serves as a purpose for not only regulating relations between all of the entities engaged in functioning of the corporation. It is also another step forward towards adjusting the corporate supervision system to European Union standards. Openness is the basis for trust and such a relation is highly desirable in case of a company that wants to develop and build value for shareholders” - said Igor Chalupec Orlen’s president. He is the only Pole who is a participant of European Governance Forum – an organ created by EU, whose aim is to create and propagate principles of good practice in Member Countries (...).
(...) Introduction of corporate governance principles and open communication resulted in considerable interest in the company on the capital market. Such state of affairs increases value of the shares. Within the last two weeks, value of Orlen’s shares exceeded some of previously unachievable psychological borders, set up by the market (...).
(...) As one of 62 world companies, PKN ORLEN joined a move to fight corruption and bribery during the World Economic Forum in Davos, Switzerland. The support statement to the principles of The Partnering Against Corruption Initiative was signed by the president and CEO of PKN ORLEN Igor Chalupec (…)
Gazeta Wrocławska, 15.02.2005, Orlen against the corruption, nn, 20
PKN Orlen, being the 62nd company in the world to have done so, joined the Partnering Against Corruption Initiative. It is a move to fight corruption and bribery. The support statement to the principles of The Partnering Against Corruption Initiative was signed by the president and CEO of PKN ORLEN Igor Chalupec (…)
