Management Change at HSW

Image Credit: HSW
Image Credit: HSW

HSW S.A. announced that the president of the management board at the company has just tendered his resignation, and is no longer keeping this position. 

On 14th September this year, President of the HSW S.A. company tendered his resignation from the position of the President of the Management Board at HSW S.A. Considering the above, Bernard Cichocki would be no longer employed at HSW S.A., as of 30th September this year - the company announced.

Bernard Cichocki was appointed the President of the Management Board at HSW S.A. on 15th July 2016. As recalled by the official release issued by the company, Cichocki signed one of the most significant contracts in history of the Polish defence industry, concerning the delivery of artillery squadron fire modules worth around PLN 4.5 billion.

Meanwhile HSW S.A. has reached a record breaking level of income in 2017, with PLN 570 million amount of income and PLN 14 million of profit. In case of the 8 first months of 2018 the company has achieved net income higher than the amount planned for the full year 2018 and 3 million zlotys higher than the equivalent result in 2017.

Throughout the last several months HSW S.A. has made investment worth more than 50 million zlotys in the company infrastructure. A new 3.500 sq. m hall has been erected, with an automated welding line. HSW emphasizes the fact that the investment is to accelerate and enhance the manufacturing process concerning the Krab self-propelled howitzers. In the future the new facilities are to make it possible to manufacture hulls for other HSW products, including the new generation amphibious IFV - Borsuk.