PKP Cargo boss in surprise resignation

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Wojciecj Balczun thumb

Former PKP Cargo boss Wojciech Balczun. Photo Shalom.

(Click on image to see original and for details of licensing.)

PKP Cargo Chairman, Wojciech Balczun, resigned today from the job of leading Poland’s largest rail freight carrier. The shock resignation is reportedly the result of Balczun receiving an offer of a  lucrative post with a major international company. Balczun will work out his three month notice with PKP Cargo and will help the company choose his successor.

Balczun has been in charge of PKP Cargo since January 2008. Prior to that, in the years 2005 – 2007, he was the Chairman of the main board of PKP SA. In 2008, the Cargo’s loss amounted to 178.8 million PLN. After major restructuring, which involved reducing the headcount from 44 k to 24.5k, he turned the company round and it is expect to declare a profit of 340 million PLN for 2012.

As Cargo prepares for an IPO on the Warsaw Stock Exchange, Balczun has emerged as one of the most able bosses in the PKP family and one that the state-owned group can ill afford to loose.

More (in Polish)

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3 Responses to “PKP Cargo boss in surprise resignation”

  1. ray schofield Says:

    Does anyone know whether the summer steam train from Gyfice will be ready to operate in 2013 or 2014?

  2. Ed Beale Says:

    The track work on the coastal section was supposed to have finished in October 2012, but it is still going on now. The renovated Lxd2 diesel locomotive and coaches have been returned and are being tested on the inland section of the line. The website says that tourist trains will restart this year, but it doesn’t give a date. Comments on the 750mm.pl forum suggest it is unlikely to start running before August.

    • ray schofield Says:

      Thank you Ed. But what about the PX48 steam loco?
      PS – I’m researching for 2014 so should be ready then?

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