Tobias Solorz replaced his father Zygmunt Solorz-Żak as the CEO of Polkomtel, operator of mobile network Plus.
“I’m very happy that my son will takeover my post. During our work together on the company’s management board, Tobias learned a lot and gained necessary experience. He became a top-class executive and I’m sure he will do a great job leading the company,” said Solorz-Żak, who will now be part of Polkomtel’s supervisory board.
Recently, Polkomtel was acquired by another company belonging to Zygmunt Solorz-Żak, Cyfrowy Polsat, which brings two of his most profitable companies together. The deal, worth PLN 6.15 billion is expected to be completed by the end of May, 2014.
The deal will forge a group generating PLN 10 billion in revenue, a core profit of PLN 3.9 billion, and operating cash-flows of PLN 3.6 billion, making it one of Poland’s top 10 listed firms.
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