Polish telco Netia has named Adam Sawicki, a former head of GTS Central Europe, as its new CEO and management board president.
Sawicki will start his new role on 2 June following his appointment by the supervisory board yesterday, the alternative…
Polish telco Netia has named Adam Sawicki, a former head of GTS Central Europe, as its new CEO and management board president.
Sawicki will start his new role on 2 June following his appointment by the supervisory board yesterday, the alternative fixed-line operator said in a statement.
Sawicki succeeds Miroslaw Godlewski, who resigned in February after seven years at the helm of the company. Godlewski agreed to remain in the role until a replacement was found.
As CEO of infrastructure-based telco GTS, recently acquired by Deutsche Telekom, from 2008 to 2011, Sawicki oversaw a major restructuring.
Between 1996 and 2008, he held various senior management roles with Sweden-based telco TeliaSonera. Since leaving GTS, he has worked for Poland’s Ruch group, first as an advisor to the board and then as chairman of Ruch Internet, served as vice president of copper company KGHM Polska Miedz and pursued independent advisory projects.
Netia expressed interest in acquiring GTS last year, but lost out to the German incumbent.
Netia has long been considered a potential takeover target itself, with some observers speculating that the company’s plan to divide its personal and corporate client sectors will lead to a sale by its largest shareholders.
Polish pension fund ING OFE is Netia’s largest shareholder with a 16.98% stake, followed by Third Avenue Management with 16.64% and SISU Capital with 12.74%. 42.28% of the company’s shares are in free float on the Warsaw Stock Exchange.
