Former Finance Ministry official appointed Pekao bank's CEO

In the Finance Ministry, Skiba was responsible for supervision over Poland's macroeconomic policy and tax legislation as well as legislative support for financial and capital markets. Wojciech Olkuśnik/PAP

The Supervisory Board of Poland's major bank Pekao has appointed former deputy finance minister, Leszek Skiba, the CEO of the bank in which the government has a controlling stake through state-run companies.

On April 14 Skiba, who had been deputy finance minister since 2015, was appointed board member and deputy CEO of Pekao.

In the Finance Ministry, Skiba was responsible for supervision over Poland's macroeconomic policy and tax legislation as well as legislative support for financial and capital markets.

From March 2019 to April 2020, Skiba was the head of the Bank Guarantee Fund.

Pekao's to-date CEO, Marek Lusztyn, stepped down on Tuesday but remained board member of the bank and was appointed deputy CEO.

Lusztyn has been working for the Pekao Bank Group for 20 years.

In 2017, the Polish government acquired a controlling state in the bank from Italy's Unicredit Group, Pekao's previous owner.

The new CEO's appointment still has to be endorsed by the Polish Financial Supervision Authority.