Crown: why am i moving for board president elewarr

3obieg.pl 1 year ago

On 22 April, as part of the qualifying procedure for president of the Management Board of Elewar Sp. z o.o., the National Food Group received the application of Daniel Alain Korona, erstwhile president of the Company and the current typical of ZZR KORON, in which he explains the reasons for his candidate:

I submit my candidacy due to the fact that the employees of the Company and many another people have asked me to effort to save Elewarr. I do not hide that I have sentiment for this Company, I have managed it for many years and present I am an observer as slow as I am moving towards a real collapse (though unnecessary de jure). The company achieved about PLN 95 million failure in 2022/23, estimated failure for the current year of PLN 40 million, in the close future there is simply a hazard of deficiency of its own financial resources or the request to neglect to repay the loan, i.e. rolling.

At the same time, I besides submit my candidacy so that there is no translation in the future that specified a choice has been made, not another choice, due to the fact that there was no right candidate.

I went to Elewar in 2006 as a associate of the Supervisory Board, then president of the Supervisory Board to become president of the Company in August 2007. During my tenure, the Company then achieved a evidence profit which he could boast after my dismissal of my successor. It just so happens that in my time employees received a prize from the profit of the company (the prize fund amounted to 15% of the profit earned). any of the older workers inactive remember what they had allocated $2,600 (at the time it was a very advanced amount).

I returned to the Company in November 2018, after a advanced financial failure of PLN 17.2 million. During the 4 years of my presidentship, I achieved only profits (PLN 0.926 million, PLN 1.676 million, PLN 15.76 million and over PLN 40.1 million in 2021/22). At the same time, the Company broke records in terms of the maturity of the buy-in loan. any will say I was lucky. I could say that "luck favours better" or that "it is better to have a president who is fortunate than a president of bad luck." But in Elewarra, we had a saying that each year was different, and so there were better and worse times, and yet all year, I made a profit.

During my presidency, I did not agree to political employment, politicians were not preferentially treated to farmers, I did not accept a solution which, in my opinion, would harm the Company, and the message "Elewarr measured the quality of Polish grain" was not an empty slogan. The Company's interests have always been the most crucial to me.

Hence, various political and authoritative intrigues were made, and I was tried to defame (and as I hear it is inactive trying), and everything was done to discredit me and remove me into the shadows. yet I was recalled in July 2022, among others, after I failed to implement the ministerial recommendation/command of acquisition of Ukrainian corn to the elevations of the Company (I considered that the retention area was needed for the acquisition of grain and rape from Polish farmers).

Competences, experience, cognition of the market, economics and law, skills working with people do not request to justify, due to the fact that my achievements during these 5 years of management of the Company are confirmed (including 2007).

Today, Elevarr is in a dramatic situation. Causes are as always in specified cases multiple. Now I don't want to talk about it, It's not time for the games, it's time to save the Company. However, this task will not be easy.

However, there is an alternate to Elewarr to get him out of the current collapse (own forces and with the kindness of Bank-Creditor, who should welcome my return, due to the evidence results I achieved). This will besides require the Company's far-reaching redevelopment, disposal of unnecessary assets, expansion of volume and diversification of the product range, taking up brokerage activities on the commodity market, staff changes and procedures, wise cost simplification and possibly besides converting any liabilities into shares of fresh issue. Of course, repairing the situation will take time. I hope that the owner will not be obstructing these actions.

The employees of the Company, farmers and possible contractors with global cereal orders to another countries are waiting for my return. Is it possible to reconstruct Elewarr’s financial balance and glare from his not so distant past? In many people's opinion, this is simply a mission of the "mission impossible" species. possibly so, but in 1 of the interviews, erstwhile I was president of the Company, I stated that it is not an art to run a company that is in good condition, but the real challenge is to get the company out of a bad financial situation. I'm not afraid of challenges like this, due to the fact that I've proven that you can.

If my candidacy is rejected, I will not personally lose it, but it is simply a pity for the Company, which can make real profits for our State.

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