Ludwik Sobolewski’s mandate contract as CEO of the Bucharest Stock Exchange (BVB) expired on August 21, but the Polish remains the head of the institution.
“BVB informs that the mandate of Mr. Ludwik Sobolewski remains in force, as per the Board of Governors’ Decision no. 79/ 1 July 2013 (which grounded the approval of the Financial Supervisory Authority through decision no. 616/21 August 2013). The conditions and terms related to the execution of the mandate will be defined, or another decision will be taken by the Board of Governors in this regard. The decision on extending the mandate agreement of the CEO was not taken in the Board of Governors meeting, convened for this subject on 18 August 2017, due to lack of quorum,” official statement reads.
Ludwik Sobolewski was appointed CEO BVB at the beginning of July 2013 and took over executive power nearly two months following the Financial Supervisory Authority (ASF) approval on August 21, 2013
He was also chairman and general manager of the Warsaw Stock Exchange, Poland.
Sobolewski headed the Warsaw Stock Exchange for seven years, during 2006 – 2013, and formerly during 1994 – 2006, he was the executive vice-president of the Central Depositary in Poland.
He was dismissed in January 2013 from the WSE leadership, following the accusations that he was in conflict of interest by supporting the funding of a movie in which his girlfriend at the time, was going to play the main role.