Zygmunt Solorz, one of Poland's wealthiest individuals, removed his sons, Tobias Solorz and Piotr Żak, from the supervisory board during the general meeting of ZE PAK, the largest private energy group in Poland, which plans to build its first nuclear power plant.
Solorz holds 65.98% of ZE PAK shares and is best known for founding Polsat, one of the country's largest television networks. He participated in the meeting remotely online. The billionaire appeared to have noticeable speech difficulties and read his statements from a piece of paper.
A widely shared video on social media revealed several technical issues. During the meeting on Monday, a secret vote led to the removal of several board members, including Zygmunt Solorz's sons, Tobias Solorz and Piotr Żak.
Further changes could take place on Tuesday, October 8, within the Cyfrowy Polsat Group due to a family conflict over control of a business empire valued at over 7 billion PLN (1.61 billion EUR).
As previously reported by Radio Poland, Zygmunt Solorz stated in a letter to employees that his children were not contributing to the stability of the company, prompting him to remove them from the management of the group's companies.
Solorz’s descendants (two sons and a daughter) sent letters to the managers of their father's four main companies (Cyfrowy Polsat, Telewizja Polsat, Polkomtel, and Netia) expressing concerns about the companies' security and urging caution in decision-making. They are currently in a bitter dispute with Justyna Kulka, Zygmunt Solorz’s new partner.
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Source: PAP/Onet
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