Łukasz Boron. From a photo by PKP Cargo.
On Monday 25 January, the PKP group announced that Łukasz Boron, the former Finance Director of PKP Cargo, has been appointed the Company’s new chairman, filling the vacancy caused by the resignation of Wojciech Balczun.
Adam Purwin, previously tipped for the top job in Cargo, and currently heading the PKP SA department responsible for privatisation strategy, moves into the Finance Director job vacated by Boron. Acting Chairman, Marek Zaleśy, formerly Sales Director retains his membership of PKP Cargo’s board.
At Monday’s press conference, Boron announced that his intention would be to continue the good work started by his predecessor Wojciech Balczun in getting PKP Cargo ready for its début on Warsaw’s stock exchange. At the end of January, Transport Minister, Sławomir Nowak authorised the partial privatization of PKP Cargo by the sale of up to 50% of the shares of PKP Cargo. PKP SA is to retain a controlling interest in PKP Cargo.
Boron announced that he had identified three priority areas. The first of these was ‘consolidating’ Cargo’s existing markets: carrying steel, coal and aggregates. This is a sector where Cargo has lost traffic thanks to the heavy engine / long train tactics of new competitors such as DB Schenker and Freightliner PL. The second was expansion into fast growing new markets such as biomass and intermodal, including expansion abroad, not only into the countries that are Poland’s immediate neighbours, but also further afield as far as Hungary and Holland. The third was to continue streamlining the company and cutting costs.
Łukasz Boron has worked in the railway industry for 8 months. He is a mergers and acquisition specialist having worked for four years in that role with KPMG Corporate Finance, then from 2011 he headed the M&A department of Erste Group Bank AG Investment Banking in Vienna.