Andrzej Klesyk chairman of the Board of Directors of the largest Greek insurer

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Andrzej Klesyk, managing partner at Cornerstone Investment Management, took the position of the chairman of the board of directors of ETHNIKA Hellenic General Insurance Company - this decision was made on Thursday, April 14, by the Extraordinary General Meeting of Shareholders of the Greek insurer.

In many countries, the Board of Directors is the most important corporate body and its composition is combined with that of the company's management board. Andrzej Klesyk is the former president of Powszechny Zakład Ubezpieczeń S.A., the largest insurer in Central and Eastern Europe. It was under his leadership that the company underwent a thorough restructuring and was introduced to the Warsaw Stock Exchange - it was the largest public offering that has been carried out in Poland so far. He is an outstanding manager, well-known in the business community - apart from managing PZU, he has also, among others, participation in the creation of Inteligo, an internet bank acquired by PKO Bank Polski. In addition, he was a partner in McKinsey and Boston Consulting Group.

- Ethniki is currently facing enormous challenges - similar to those faced by PZU in its time - says Andrzej Klesyk. - That is why it was decided that I would be a good person to support the company in this breakthrough time. The recommendation was everything that I managed to do in PZU.

- This is another proof that global players investing and cooperating with Cornerstone highly appreciate the competences of the managers who are part of our team, as well as their capital commitment - adds Przemysław Krych, founder of Cornerstone Investment Management.

Ethniki Hellenic General Insurance Company, founded in 1891, is the largest insurance company in Greece, with a 24.3% share in the life insurance market, 18% share in the non-life insurance market and approx. 30% share in the group, health and life insurance market. pension.

In late March this year, CVC Capital Partners, Fund VII, finalized the purchase of 90% of Ethnica from the National Bank of Greece.

CVC Capital Partners is one of the leading companies in the global private equity market. Established in 1981, it has 25 offices in Europe, Asia and the United States, including an office in Warsaw, operating since 2015. Currently, it manages assets of $ 123 billion.

In Poland, the fund has a number of investments, such as PKP Energetyka, the Żabka chain of stores, the producer of brand-name alcohols Stock Spirits or the global leader in tea production (including the Lipton brand) taken over from Unilever.

CMS

Andrzej Klesyk, managing partner at Cornerstone Investment Management, took the position of the chairman of the board of directors of ETHNIKA Hellenic General Insurance Company - this decision was made on Thursday, April 14, by the Extraordinary General Meeting of Shareholders of the Greek insurer.

Andrzej Klesyk, managing partner at Cornerstone Investment Management, took the position of the chairman of the board of directors of ETHNIKA Hellenic General Insurance Company - this decision was made on Thursday, April 14, by the Extraordinary General Meeting of Shareholders of the Greek insurer.

In many countries, the Board of Directors is the most important corporate body and its composition is combined with that of the company's management board. Andrzej Klesyk is the former president of Powszechny Zakład Ubezpieczeń S.A., the largest insurer in Central and Eastern Europe. It was under his leadership that the company underwent a thorough restructuring and was introduced to the Warsaw Stock Exchange - it was the largest public offering that has been carried out in Poland so far. He is an outstanding manager, well-known in the business community - apart from managing PZU, he has also, among others, participation in the creation of Inteligo, an internet bank acquired by PKO Bank Polski. In addition, he was a partner in McKinsey and Boston Consulting Group.

- Ethniki is currently facing enormous challenges - similar to those faced by PZU in its time - says Andrzej Klesyk. - That is why it was decided that I would be a good person to support the company in this breakthrough time. The recommendation was everything that I managed to do in PZU.

- This is another proof that global players investing and cooperating with Cornerstone highly appreciate the competences of the managers who are part of our team, as well as their capital commitment - adds Przemysław Krych, founder of Cornerstone Investment Management.

Ethniki Hellenic General Insurance Company, founded in 1891, is the largest insurance company in Greece, with a 24.3% share in the life insurance market, 18% share in the non-life insurance market and approx. 30% share in the group, health and life insurance market. pension.

In late March this year, CVC Capital Partners, Fund VII, finalized the purchase of 90% of Ethnica from the National Bank of Greece.

CVC Capital Partners is one of the leading companies in the global private equity market. Established in 1981, it has 25 offices in Europe, Asia and the United States, including an office in Warsaw, operating since 2015. Currently, it manages assets of $ 123 billion.

In Poland, the fund has a number of investments, such as PKP Energetyka, the Żabka chain of stores, the producer of brand-name alcohols Stock Spirits or the global leader in tea production (including the Lipton brand) taken over from Unilever.