Chief Financial Officer
A graduate of Executive MBA studies and the Faculty of National Economy at the Wrocław University of Economics. He also completed postgraduate investment studies in the field of Capital Investments and Company Development Projects and postgraduate studies in International Financial Reporting Standards at the Warsaw School of Economics/Ernst&Young. He also participated in a course for investment advisors and successfully passed the examination for candidates for members of supervisory boards in State Treasury companies.
He has broad experience in managerial positions, mainly financial ones, including: in the mining, steel and energy industries, both in state-owned and private companies.
After graduation, he worked for private funds in the mining industry. In the years 1998-2002 he was the financial director at Huta Katowice S.A., in the years 2002-2006 he was the financial director and director of the financial projects office at Mittal Steel Poland S.A. (formerly: Huta Katowice S.A., Polskie Huty Stali S.A., currently ArcelorMittal), in 2006-2008 he served as Deputy President of the Management Board for Economics and Finance of Jastrzębska Spółka Węglowa, in 2008-2014 he served as the President of the Management Board of Minerals Mining Group S.A., in 2014-2015 he was a member of the management board (CFO) at Polskie Koleje Linowe S.A. and Polskie Koleje Górskie S.A. From 2016 he is mainly CFO in JSW S.A.
Green Financing in JSW - the Sustainability Linked Loan (SSL) formula
Sustainability-linked loans are any type of loan instrument that incentivizes borrowers to achieve meaningful, predetermined sustainability objectives. Similar to green bonds, SLLs allow lenders to work with clients to help them achieve a wide range of sustainability goals, attaching financial terms to targets that are negotiated and set between the borrower and the lender(s).
The difference between an ordinary loan and a loan in the SLL framework for the JSW Company is a great importance - it shows that sustainable development is a priority for the entire JSW Capital Group, and each area of activity is aimed at achieving ambitious goals. These goals have been included in the agreement with the consortium of financing institutions and will be subject to annual external verification. They are identical to those adopted in the Environmental Strategy announced by JSW in autumn 2021 and the environmental investment plan developed.
By obtaining financing for SLL, JSW is the first Polish entity, the first in the region CEE in the mining sector to confirm that by mining coking coal and coke, you can strive for your own climate neutrality. Itself is a very important element of the overall climate transformation (e.g. each windmill needs 140 tons of steel). JSW is currently the largest producer of coking coal in the European Union. Therefore, the role and development of JSW are crucial in this respect.