As of 1 February 2015, the Board of Directors of NEWAG S.A. was enlarged. The Supervisory Board adopted a resolution on appointing both Bartosz Krzemiński and Maciej Duczyński to the posts of Vice Presidents of the Board. Moreover, as of 1 February 2015, the Supervisory Board appointed Bogdan Borek, who so far served as the Board member, to the post of Vice President of the Board.
On 2 February, 2015, the division of NEWAG Gliwice S.A., NEWAG’s daughter company, was completed. As a result, the key part of the company property i.e., the company assets related to manufacturing, repairing, modernizing and leasing rail vehicles were transferred to the mother company.
The company facility in Gliwice has become the Electric Locomotives Manufacturing Plant, Branch in Gliwice.
In the opinion of the Board, this restructuring process will result in optimizing operating costs of NEWAG Capital Group and increasing integration of the companies comprising NEWAG Capital Group.