Pelion • Supervisory Board

Marek Belka, Member of the European Parliament, Committee on Economic and Monetary Affairs, Professor of Economics, (College of Europe Natolin / LSE Institute of Global Affairs).

Professor Marek Belka graduated from the University of Łódź with a Master’s degree in economics in 1972 and continued his academic career at the Institute of Economics at his alma mater. He received his Ph. D. in 1978, which was followed by a postdoctoral degree in economics (“habilitation”) in 1986. Associated with the Institute of Economics of the Polish Academy of Sciences since 1986, Marek Belka was a research fellow at the Columbia and Chicago Universities (1978-79, 1985-86), as well as at the London School of Economics (1990). He received the title of Professor of Economics in 1994.

Professor Belka has published over 100 scientific papers devoted primarily to the theory of money and anti-inflation policy in developing countries. He specializes in applied economics and contemporary economic thought.

From 1990 to 1996, he worked as a consultant and adviser at the Polish Ministry of Finance, and subsequently at the Polish Ministry of Ownership Transformations and at the Central Planning Office. He became a consultant to the World Bank in 1996.

From 1994 to 1996, Professor Belka was Vice-Chairman of the Council of Socio-Economic Strategy at the Council of Ministers, and then, economic adviser to the President of the Republic of Poland.

Professor Belka served twice as Deputy Prime Minister, Minister of Finance: in the government of Włodzimierz Cimoszewicz in 1997 and in the government of Leszek Miller from 2001 to 2002.

From May 2004 to October 2005, Professor Belka served as Prime Minister of Poland.

Professor Belka has also held numerous high-ranking positions within the international community. In 2003, he served as Chairman of the Council for International Coordination for Iraq and as Director of Economic Policy in the Coalition Provisional Authority (2003-2004), where he was responsible for the currency reform, the development of a new banking system and the supervision of the Iraqi economy. From 2006 to 2008, he held office in the United Nations as Executive Secretary of Economic Commission for Europe (UNECE) in Geneva. In November 2008, he assumed office as Director of the European Department at the International Monetary Fund.

On 10 June 2010, Professor Belka was approved by the Parliament of the Republic of Poland as President of Narodowy Bank Polski and Chairman of the Monetary Policy Council. His term expired on June 21, 2016.

He chaired the World Bank/IMF Development Committee (November 2011 – October 2015), served as a Member of the Steering Committee of the European Systemic Risk Board (January 2011 - June 2016), chaired the Vienna 2.0 Initiative Steering Committee (June 2012 - June 2016) and served as a Member of the Central Bank Governance Group at the Bank for International Settlements (BIS) in Basel (May 2013 – June 2016) and as a Member of the G20 Eminent Persons Group.

On 02 July 2019, Professor Marek Belka was sworn in as the new member of the European Parliament for the term 2019-2024. He is a member of the Economic and Monetary Affairs Committee and a substitute member of the International Trade Committee. He is a member of the Delegation for relations with the United States and substitute member of the delegation for relations with the countries of Central America. In 2020, he became a member of the ECON Tax Subcommittee.

Mr. Patryk Borzęcki has been associated with the European Bank for Reconstruction and Development since 2003. He is currently responsible for the Bank's activities in 20 countries in Central and Southeast Europe in the corporate sector, focusing on both debt and equity financing projects in sectors such as pharmaceuticals and healthcare, construction and infrastructure, consumer goods and services sales, among others. Prior to joining EBRD, he spent 6 years developing his career in investment banking (Unicredit CAIB, WestLB Panmure) and private equity, where he was a member of investment committees (Innova Capital, Avallon MBO, Resource Partners). The addition of Patryk Borzęcki to Supervisory Board od Pelion S.A. follows the European Bank for Reconstruction and Development's investment in the company's capital in December 2023 and the EBRD's right to nominate one member to Pelion's Supervisory Board.