Stefan Kawalec

Polish economist, former Vice-Minister of Finance. In 1989-1994, he worked for the Ministry of Finance, initially as CEO and chief economic adviser to the Deputy Prime Minister and Minister of Finance, and since 1991, as deputy minister. While working for the Ministry of Finance, he served an important role in preparing and implementing the stabilisation and transformation programme for Polish economy (the Balcerowicz Plan). He also led the negotiations and preparation of successive agreements with the International Monetary Fund (1990,1991, and 1993). In 1994-2002, he was Head of the Advisory Team to the Management of Bank Handlowy w Warszawie S.A., and in 1998-2002, Head of Strategy at Bank Handlowy (since 2000, as part of Citigroup). He has frequently served on the supervisory boards of companies, for example in 1990-1991, he was Member of the Supervisory Board of Stocznia Gdańska S.A. (Gdansk Shipyard). He is Member of the Corps of Candidates for Professional Members of Supervisory Boards formed by the Polish Institute of Directors. He is an Arbitrator and Mediator of the Arbitration Court at the Polish Financial Supervision Authority. CEO of Capital Strategy.