Griffin Real Estate's founder and former CEO Przemyslaw Krych has sold its stake in the company after being arrested on unspecified business-related charges in Poland last month.
Krych, who was also a non-executive director at related company Echo Polska Properties, was detained by Poland’s Central Anticorruption Bureau in December but denies any wrongdoing.
Maciej Dyjas and Nebil Senman, who earlier co-managed and co-owned Griffin with Krych, have become the sole managing partners and sole owners of the Griffin Real Estate and its related entities.
Financial details were not disclosed.
'The decision made by Przemyslaw Krych is a result of his detention and the prosecutor’s charges. We deeply believe Mr. Krych has never committed any crimes and is innocent. However, for the good of the company and its projects, he decided to leave its stockholding structure,' commented Maciej Dyjas, managing partner at Griffin Real Estate.
The company has also announced the hiring of Przemyslaw Czuk and Ewa Podgórska as chief financial officer, and partner, Co-general counsel and chief compliance officer respectively.
Przemyslaw Czuk previously worked as CFO for J&S, part of commodity trading giant Mercuria, and for Bridgepoint, ABRIS and Advent as CFO for their portfolio companies.
Ewa Podgórska has been a partner and chief legal counsel of numerous subsidiaries of the Eastbridge Group, and then of Eastbridge itself, for about the last 20 years.
