The CEO of Poland’s biggest bank PKO BP quits unexpectedly By Reuters

WARSAW (Reuters) – Zbigniew Jagiello, the Chief Executive at Poland’s biggest bank, the state-run PKO BP (LON:BP), has submitted his resignation, the bank said on Tuesday.

Jagiello has been PKO BP CEO since October 2009 despite the change in the ruling party in 2015, which triggered staff changes in state-run companies.

PKO said in a statement Jagiello did not provide a reason for his resignation, which is effective as of June 7.

By 0858 GMT shares in PKO BP were down by 4.7%.