Poland's JSW board meeting cancelled, CEO to stay for now - sources

Reuters  |  WARSAW 

(Reuters) - The at Poland's coking coal will keep his job for now, as the supervisory board meeting that was expected to result in his dismissal on Thursday was cancelled, two company sources said.

On Monday a source said that the energy ministry, which supervises JSW, might fire on Thursday following disagreements over strategy.

Ozon was quoted by daily on Monday as saying that he was pressed many times to use money to finance investment that is not related with the miner's operations. Shares in fell by around 8 percent on Monday following the

JSW declined to comment on the cancellation of the supervisory board meeting. One of the sources said that the supervisory board may discuss changes in the management board in January.

JSW can be appointed and dismissed only by the supervisory board.

JSW shares were up 0.5 percent by 0822 GMT.

(Reporting by Agnieszka Barteczko; editing by Jason Neely)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 13 2018. 14:31 IST