LOT Chief Executive resigns

Sebastian Mikosz has unexpectedly resigned as CEO of LOT, the Polish state airline, for the second time.  He recently hosted the Star Alliance biennial gathering where he spoke of doubling the carrier's size over the next five years. (see  BTN  29 June).  Mr Mikosz was CEO from March 2009 until October 2010, and again from Februay 2013.  His background includes spells at Deloitte and Arthur Andersen in the financial sector.

LOT is up for sale. 

"I was surprised to hear the news that Sebastian Mikosz had resigned from the CEO post in such an important moment, during advanced talks with a potential investor," the treasury official responsible for LOT, Wojciech Chmielewski, said in a statement.

"Sebastian Mikosz's decision does not change our plans.  The treasury will continue talks with an investor leading to inking an investment agreement," he said, denying that the ministry was stalling negotiations.

Media reports said the treasury was in talks with Indigo Partners, a US private equity firm and lead investor in London-listed Hungarian low-cost airline Wizz Air.

The ministry declined to comment on the reports.  www.lot.com

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