Echo Investment S.A.

Board/Management Information • Jul 22, 2020

C U R R I C U L U M V I T A E

	C U R R I C U L U M V I T A E
PERSONAL INFORMATION
Name	Sławomir JĘDRZEJCZYK
Phone
E-mail
Date of birth	May1969
Citizenship	Polish
EXPERIENCE
• Period	2008 – 2017; three full 3-year terms
• Company	PKN Orlen S.A., Warsaw, Poland
• Type of activity	Refining, petrochemical, mining and retail sectors; with over 100 Polish and foreign subsidiaries; > 20 thousand employees; ~ PLN 100 bln in revenues; ~ PLN 50 bln of the market cap on the Warsaw Stock Exchange

EXPERIENCE

foreign subsidiaries; > 20 thousand employees; ~ PLN 100 bln in revenues; ~ PLN 50 bln of the market cap on the Warsaw Stock Exchange • Position Vice-Chairman of the Management Board, CFO • Responsibility Responsible for planning and reporting, business controlling, supply chain management, finance, capital investments, investor relations, taxes and IT, Vice-Chairman of the Supervisory Board of Unipetrol (CzechRepublic), Member of the Board of Orlen Lietuva (Lithuania), Member of the Board of Directors of Orlen Upstream Canada (Canada), Chairman of the Investment Committee, Financial Risk Committee and Supply Chain Management Committee, Vice-Chairman of the Strategy Committee and the Human Capital

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• Created and implemented the Company's strategy focused on three pillars: Value Creation, Financial Strength and People. Key achievements: 32.4 bln PLN - market cap increase on the Warsaw Stock Exchange, the share price increased from 39.2 PLN in June 2008 to 115 PLN in June 2017, 15.9 bln PLN - sales revenue increase, from 79.5 bln PLN in 2008 to 95.4
• Committee,
• bln PLN in 2017, 13.1 bln PLN reduction of net debt, from over 14.3 bln PLN in Q1 2009 to 1.2 bln PLN in Q2 2017, 7.6 bln PLN - EBIDTA increase, from 2.7 bln PLN in 2008 to 10.3 bln PLN
• in 2017, 4.6 bln PLN capex program increase to 4.6 bln PLN in 2016 and 2017, 4.1 bln PLN dividend paid out in 2013-2017, Excellent relations and ratings from investors after quarterly conferences, IR Magazine award in 2010 for the company with the best investor relations in Poland, The most valuable company on the Warsaw Stock Exchange in 2015, Created, managed and was part of the team that achieved all of this.
• Period 2005 – 2008
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• Company TPEmiTel (TPE) - Telecom Poland Group (TP) (currently Orange), Warsaw, Poland

• Type of activity Television and radio broadcasting; telecommunication sector; ~ 1 thousand employees; PLN 300 mln revenues; 100% shareholder - TP, a company of the France Telecom Group (FT)

• Position Chairman of the Board; CEO

• Responsibility Transformed TPE from a technical, monopolistic organization into an innovative, competitive service company,
  • Implemented a new corporate culture supporting the change process,
  • Created a strategy that supported clients' multimedia aspirations based on innovative technologies ensuring sustainable revenue growth,
  • Responsible for sales relations with all major public and private broadcasters, mobile operators and telecommunications companies,
  • Prepared the company to successfully compete with alternative operators,
  • Launched the first tests of mobile TV (DVBH) and terrestrial television (DVBT in MPEG 4), the IPTV platform (Videostrada), WiMax and CDMA networks in Poland.

Considerably improved the quality of service and customer satisfaction as well as financial results; operating margin before depreciation increased by 8 pp to over 50%; steady increase in revenues and maintenance of market share on the regulated, competitive telecommunications market; constant implementation of budgetary targets.

Group to operate effectively on the competitive telecommunication market.

• Period	2003 – 2005
• Company	Telecom Poland Group (TP) (currently Orange), Warsaw, Poland
• Type of activity	Telecommunication; listed company; ~ 36000 employees; ~ PLN 18 bln consolidated revenues; ~ PLN 30 bln market cap; strategic investor France Telecom (FT)
• Position	Director of the TP Group Controlling Division reporting to the CFO, Member of the TP Group Management Board.
	A member ofTOP30 (the key management of the TP Group) and the Entrepreneur Group (the key management of the FT Group)
• Responsibility	 Responsible for creating business controlling, including investment approval and supervision over TP Group subsidiaries, as well as for strategic planning and budgeting, management accounting and reporting and management information systems,
	 Participated in the implementation of the ERP system (Oracle) and building an accounting center (Shared Service Center),
	 Implemented strict cost control,
	 Member of the TP Group Investment Committee, increased the role of controlling in the investment process, dealt with all major projects in the TP Group
	 Prepared reporting for a strategic investor listed on the Paris Stock Exchange.
	Significantly improved the efficiency of resource allocation, which allowed the TP

• Period 2002 – 2003 • Company ORFE Group, Warsaw, Poland • Type of activity Pharmaceutical industry, holding company, listed on the Warsaw Stock Exchange until 2006; ~ 2,000 employees; > PLN 1.5 bln consolidated revenues; ~ PLN 200 mln marketcap; strategic investor - OPG from the Netherlands • Position CFO ORFE S.A. Member of the Board of Cefarm Śląski S.A. - a subsidiary of ORFE S.A. • Responsibility Managing the Finance Division, Restructuring the Group taking into account financial and legal aspects as well as tax optimization, Creating strategies, reporting on the Warsaw and London Stock Exchanges and for the needs of a Dutch shareholder, as well as assessing new acquisitions of pharmacies. • Period 1997-2002 • Company IMPEXMETAL S.A. , Warsaw, Poland • Type of activity Steel and non-ferrous metals sector, holding company, 50 domestic and foreign the Warsaw Stock Exchange. • Position Member of the Board, CFO Chairman and Member ofthe Supervisory Boards of the Group companies in Poland, Europe, Singapore and the United States • Responsibility Created and implemented the Group's restructuring program taking into cost reduction and increase in shareholder value, Built and maintained good relationships with investors, analysts and banks, Reorganised the Finance Division by: - changing structures by introducing controlling and treasury functions, simplifying the flow of documents and information, - improving consolidated reports according to Polish and international standards for investors and the Warsaw Stock Exchange - carried out collective redundancies by more than 50%, reduced general

• Period 1994 – 1997

• Company PRICE WATERHOUSE Warsaw, Poland

• Type of activity Audit and Business Advisory

• Position Managerial position in the Audit and Business Advisory Department

• Responsibility RP Telekom S.A. (currently Netia S.A.) preparation of information for the offer on the New York Stock Exchange and obtaining financing from the European Bank for Restructuring and Development, audits and quarterly reviews in accordance with International Accounting Standards for the needs of the Israel Stock Exchange, including 16 subsidiaries,
  • Investment Bank due diligence Impexmetal S.A. during the IPO,
  • Multiple audits in industrial and commercial companies.

3

companies in the Group including commercial companies and producer; ,> 7000 employees; ~ PLN 3 bln consolidated revenues; ~ PLN 400 mln market cap on

• account efficient structure, development of the aluminum and copper industries and reduction of investments in non-strategic companies, drastic
• • implementation of the integrated SAP system, streamlining processes and
  • and administrative costs by over 30%.

Restructuring actions resulted in the recovery offinancial liquidity, a significant improvement in the quality, correctness and transparency of financial and management information, as well as strict control of costs and receivables.

• Period	1994
• Company	ASEA BROWN BOVERI Lodz, Poland
• Type of activity	Energy and	transport.
• Position	Specialist
• Responsibility	 Took part industries	in the construction of apparatus for the energy and transport
• Period	1992 – 1994
• Company	TELEBUD Lodz, Poland
• Type of activity	Telecomunication
• Position	Telecomunication	networks designer
• Responsibility	 Designed Poland	and implemented many analog and digital networks for Telecom S.A. (currently Orange)
EDUCATION
• Period	2015
• Organisation	LONDON	BUSINESS SCHOOL, London, GB
• Type of course	Senior Executive	Program
• Period	1995 – 1997 THE ASSOCIATION	OF CHARTERED CERTIFIED ACCOUNTANT, London
• Organisation • Type of course/Title	British Chartered	Accountant
• Period	1993 – 1994
• Organisation • Type of course	Entrepreneurship Postgraduate	Development Foundation Lodz economic course for managers led by lecturers from the University
	of Lodz
• Period	1987 – 1992
• Organisation	Technology University of Lodz
• Type of course	Specialisation	- telecomunication
• Title	Master's degree in Electronics
	Awarded the	best student of the year
Native Language	Polish
Other Languages	ENGLISH	RUSSIAN

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