Maciej Formanowicz is the founder of FABRYKI MEBLI “FORTE” S.A. He served as President of the Management Board from 1993 to 31 August 2023. He is a graduate of the Faculty of Wood Technology at the Higher School of Agriculture in Poznań. Mr Formanowicz began his professional career in 1972, holding positions as a technologist, manager of the Development and Investment Department, laboratory manager and department manager at the Wyszków Furniture and Interior Design Factory, in north-eastern Poland. From 1978 to 1981, he was the technical director of FORMAT Sp. z o.o. and from 1981 to 1987, he was the CEO of HASTA Sp. z o.o. based in Oborniki Śląskie. In 1987, Maciej Formanowicz moved to Wrocław where he took the position of deputy director of MAKRO Sp. z o.o. In 1991, he was appointed director of the MF corporation. From April 1993, Mr Formanowicz was President of the Management Board of FORTE Sp. z o.o., which was transformed into FABRYKI MEBLI “FORTE” Sp. z o.o. and then into FABRYKI MEBLI “FORTE” S.A. Mr Formanowicz served as President of the Polish Association of Furniture Manufacturers from 1996 to 2009. Mr Formanowicz also holds many professional awards.

Subsidiary Member of the Supervisory Board

Chief Financial Officer with many years of experience in demanding sectors, such as consumer goods, pharmaceutical, chemical and financial sector, both in Poland and in the UK. He managed change by setting goals, team leadership and efficient communication. In particular, he has extensive experience in creation and development of financial departments, operational integration and restructuring as well as creation of modern solutions for departments such as: accounting, IT, purchasing, logistics and customer service. A graduate of the Faculty of Foreign Trade at the Main School of Planning and Statistics – currently the Warsaw School of Economics. From 2017 Member of the Supervisory Board of FABRYKI MEBLI “FORTE” S.A.

Independent Member of the Supervisory Board.

Jakub Papierski (1972) is a graduate of the Warsaw School of Economics (SGH) and holds a Chartered Financial Analyst (CFA) license. He has many years of professional experience in domestic and foreign financial institutions (including PKO Bank Polski, Bank Pekao, Deutsche Bank, Allianz, Creditanstalt IB). He also has a deep understanding of the mechanisms of financial and capital markets. During his career he has been involved in numerous IPOs of the largest Polish issuers and the largest capital transactions on the Polish market. In 2010-2021, he was Vice-President of the Management Board of PKO Bank Polski, where he supervised the Corporate and Investment Banking Area, the Bank’s Treasury and financing in financial markets, the Brokerage House and the Bank’s own capital transactions. He sat on the Credit Committee and the Asset and Liability Management Committee. He chaired the Supervisory Boards of PKO TFI, PKO PTE, PKO Leasing, PKO Bank Hipoteczny and Kredobank. In 2011-2019, he was also a member of the Board of the Marguerite Fund, a joint project of the European Investment Bank, PKO Bank Polski and 4 government development banks from Germany (KfW), Italy (CDP), Spain (ICO) and France (CDC). He started his professional career in 1993 in the Pro-Invest International consulting firm and in the ProCapital brokerage house. From 1996 he worked at Creditanstalt Investment Bank and then at Deutsche Morgan Grenfell/Deutsche Bank Research, dealing with the banking sector in Central and Eastern Europe. In 2001-2003, he was CFO / Executive Director of the Financial Division at Bank Pekao (Unicredit), and then became President of the Management Board of Centralny Dom Maklerski Pekao S.A. From 2006 he was also Vice-Chairman of the Supervisory Board of Pioneer Pekao TFI S.A. In 2009-2010 he was President of the Management Board of Allianz Bank Polska S.A. Jakub Papierski is a winner of the Lesław Paga Award. In 2005-2009, he was the Chairman of the Programme Council of the Capital Market Leaders Academy at the Lesław Paga Foundation. He is also a member of the Council of the Industrial History Museum in Opatówek/Kalisz.

Independent Member of the Supervisory Board.

Prof. PhD. Eng. Jerzy Smardzewski obtained his Master Degree at the Faculty of Wood Technology of the Poznań University of Agriculture in 1986. In 1991 he received a title of Doctor of Technical Sciences, and subsequently in 1998 a Habilitation Degree of Forest Sciences in the scope of wood industry, wood technology and furniture industry. The scientific title of professor was obtained by him in 2002 and since 2008 he has been employed as professor at the Chair of Furniture Industry of the Poznań University of Life Sciences. He conducted transnational traineeships in Technische Universität Dresden (1989), Aristotele University of Tessaloniki (2007), Bartin University oraz Karabük University in Turkey (2012). Between 1997-2001 he was a Production Director at the futniture plant of Balma S.A., while in 2008 he became General Director of Furniture factory in Waza in Kostrzyń Wlkp. He performed the function of Vicedean of Studies at the Faculty of Wood Technology of University of Agriculture in Poznań in the years 2002-2005. He has performed the function of Furniture Industry Department Director since 2006. In 2015 he was a scholarship grantee of UMK in Toruń as visiting professor. He obtained fifteen awards from the rector of his home university for his scientific achievements. In 1996 he was awarded an Award from the Minister of Education and in 2000 an award of the Prime Minister. His scientific acquis covers in total over 370 publications and elaborations, including 7 handbooks and 12 patent applications.

Independent Member of the Supervisory Board.

An expert in the field of pension systems, asset management and capital markets. He has an investment advisor license (no. 136), is a real member of the Polish Association of Actuaries, a member of CFA Society Poland (CFA Charterholder). A graduate of the Faculty of Chemical and Process Engineering at the Warsaw University of Technology (1985). He started his professional career as an assistant at the home department of the Warsaw University of Technology (1985-1990), then he worked at the Ministry of Finance (Department of Financial Institutions) and Bank Gospodarstwa Krajowego (Department of Monetary Economy). For many years (1993-2016) professionally involved with the Commercial Union Polska group (now Aviva Polska), holding positions in the Financial Department of Towarzystwo Ubezpieczeń na Życie: accountant (6 month internship), Financial Vice-Director (12 months), Vice-Director responsible for Investments (Investment Director – 1995-1998). During this period, he established the principles of the investment process, developed a methodology for running the Guaranteed Fund and built a leading investment team. He started working for Commercial Union PTE (1999) as the Vice-President of the Management Board – Investment Director. He built a 10-person team of the Investment Department responsible for managing the assets of the largest open investment fund. In 2001, appointed as the President of the Management Board of PTE, he supervised the Fund’s sales, marketing and investment activities. He managed the work of the Investment Committee and the Strategic Committee of the Society. Member of the Audit Committee of the Chamber of Commerce of Pension Societies (IGTE). He actively participated in the work on introducing the principles of Corporate Governance on the Polish capital market (as a member of the Polish Institute of Directors). During his professional career, he completed an educational programme leading to ACCA qualifications by passing all 14 exams, completed Executive Management Development courses organised by Ashridge Management School, CEDEP (Fontainebleau), Columbia University and Wharton School of Business (over 13 weeks).
Independent member of Supervisory Boards: Ipopema Securities, Ipopema TFI and NFI Octava.

Independent Member of the Supervisory Board.

An expert in woodworking machinery.

A graduate of the Gdańsk University of Technology, Faculty of Mechanics and Technology (1976). He started his professional career at the Wyszków Furniture Factory in the Kitchen Furniture Plant in Wyszków. He then worked at the Furniture Factory in EL-Beida in Libya (1990) as a Technical Consultant. In 1991, he started working as a Technical Director at AIDA Sp. z o.o. in Brańszczyk. From 1992 to 2019, he worked at FABRYKI MEBLI “FORTE” S.A. where he held the positions of Technical Director, Chief Engineer, Product Development Director and also Director of the Plant in Ostrów Mazowiecka.

He held the position of General Director of Białostockie Fabryki Mebli S.A.

He was a Member and Chairman of the Supervisory Board of FURNEL S.A. (2004-2006).

He was a Member of the Supervisory Board of Białostockie Fabryki Mebli S.A. (2001 -2006).

He advises start-ups specialising in new technologies in the field of design and construction of machinery and equipment.

Independent Member of the Supervisory Board.

Ewa Mazurkiewicz is an attorney at law [Polish: radca prawny], specialising in capital market issues. She graduated from the Faculty of Law and Administration at the University of Białystok. From 1999 to 2007, she worked at the Polish Securities and Exchange Authority (since 2006: Polish Financial Supervision Authority) in the Brokerage Houses Department, the Legal Department and the Regulatory Department. Then, from 2007 to 2012, she worked at the law firm Dewey & LeBoeuf Grzesiak sp.k. (now: Greenberg Traurig Grzesiak sp.k.). Since 2012, she has been associated with the law firm T. Studnicki, K. Płeszka, Z. Ćwiąkalski, J. Górski sp.k., where she has been a Partner in charge of the capital market regulatory practice since 2018.

She was a member of examination boards for stock brokers, commodity brokers, investment firm agents (2005-2007), and a member of the following working groups: within the Council of the European Union – Working Party on Financial Services – for work on the Markets in Financial Instruments Directive (MiFID) (2003-2004) and within the Committee of European Securities Regulators (now: European Securities and Markets Authority) – for work on delegated acts to MiFID (2004-2006).

Independent Member of the Supervisory Board