IT company Asseco Poland has decided to reduce the size of its management board. Until now Asseco's management board was composed of 11 people and was one of the largest among companies listed on the Warsaw Stock Exchange, Parkiet reported.

In 2011 the company spent zł.18.2 million on salaries for its management, with zł.2.1 million going to the president Adam Góral.

The company has decided that there is no need for separate vice presidents to manage the infrastructure department, building automation and the data center.

Owing to the changes Wojciech Woźniak, head of the division created after the merger of subsidiaries Asseco Systems and Alatus, has stepped down.

Another change in Asseco came after Wiesław Walendziak, vice president of Prokom Investments, resigned from his position on Asseco Poland's board, after holding it for a little over two months. He said that he has resigned in order to avoid a conflict of interest, since he will soon sit on the board of another company which is a business partner of Asseco Poland's.

The changes will come into effect later this year.

Poland A.M.