Wojciech Balczun is a high profile manager and strategist with extensive experience in corporate leadership. His key competencies include business restructuring and enterprise transformation, operational and strategic management, negotiations with investors and business partners, and international economic cooperation.

As CEO of PKP Cargo (2008–2013), the second-largest rail freight operator in Europe, he successfully restructured the company, defined its growth strategy, and led its stock exchange debut.

He also headed one of Europe’s largest railway companies - Ukrainian Railways (2016–2017) - where he served as CEO. During his tenure, he implemented modernisation projects, strengthened international cooperation, and enhanced the company’s efficiency.

In the private sector, he has proven himself as an effective entrepreneur and investor. His business expertise in railways, banking (PKO Bank Polski, Inteligo Financial Services), and advisory roles has been appreciated across multiple supervisory boards in both the private and public sectors. He has served as Chairman of the Supervisory Board of PLL LOT S.A. and PKP S.A., as well as Vice President of the Polish Employers’ Federation (Pracodawcy RP) and the European Centre of Employers and Enterprises Providing Public Services (CEEP).

A recipient of numerous accolades, he was named Manager of the Year in the Przyjaciel Kolei (Friend of the Railway) awards for his restructuring of PKP Cargo. He was also listed among the Top 20 managers in Bloomberg Businessweek Polska as one of the best crisis-management leaders.

Wojciech Balczun holds a degree in Political Science from the University of Silesia in Katowice and has completed a prestigious MBA programme validated by the Rotterdam School of Management Erasmus University.

Currently, as CEO of IDA JSC, he oversees the company’s strategic development, focusing on key initiatives, optimising the Capital Group’s operations, and strengthening its market position.

Radosław Niedzielski is a seasoned manager with extensive experience in the public sector. A graduate of the Jagiellonian University and the National School of Public Administration, he has honed his expertise through roles at the Ministry of State Treasury, the Chancellery of the Prime Minister, the Industrial Development Agency (IDA JSC), and Bank Gospodarstwa Krajowego.

His responsibilities have included exercising shareholder rights in over 150 companies with State Treasury ownership. He has led investment projects involving direct capital injections by the State Treasury or state-owned legal entities. A specialist in corporate restructuring - including the use of state aid - he co-authored a rescue and restructuring aid programme for businesses, which was notified to the European Commission and later implemented under national legislation five years later.

He currently serves as a Supervisory Board Member of Bank Pekao S.A. and Welcome Airport Services Sp. z o.o.

At IDA JSC, he oversees the capital group, equity transactions, and state aid compliance, driving strategic governance and operational efficiency.

Łukasz Kotapski is an experienced executive, legal counsel, and capital markets specialist with core expertise in investment management, financial transaction structuring, and building relationships with domestic and international investors. He combines legal expertise with practical asset and corporate resource management, enabling him to effectively align business strategy with legal and financial optimisation.

As Fund Manager at Xplorer Fund S.A. ASI (2021–2024), he was responsible for investment strategy, portfolio management, and investor relations, successfully integrating corporate law knowledge with capital market practice. Previously, as Legal Counsel at Aper Ventures (2020–2021), he advised on Venture Capital transactions, negotiating investment terms and optimising financing structures.

Serving as CEO of asset management companies and Managing Partner of a law firm, he supervised corporate projects, including mergers and acquisitions, bond issuances, and corporate restructurings. His experience spans comprehensive advisory services in commercial law, labour law, intellectual property, and innovation financing, supporting both high-growth startups and mature enterprises. He has led numerous legal projects involving share acquisitions and disposals, loan agreements, mezzanine financing, and the negotiation of term sheets and investment agreements.

A graduate of the Faculty of Law and Administration and the Faculty of Journalism and Political Science at the University of Warsaw, he also holds an Executive MBA from Kozminski University. As a scholarship recipient, he furthered his professional development at Wirtschaftsuniversität Wien and Universidad Complutense de Madrid. A qualified legal counsel and member of the Warsaw Bar Association, he brings over 12 years of experience advising entities in the venture capital, private equity, and technology sectors.

Currently, as Member of the Management Board of IDA JSC, he oversees investor relations, strategic capital raising, and investment structure optimisation for the IDA Capital Group. His focus lies on strengthening the company’s market position, fostering long-term business partnerships, and driving key development initiatives.

Ilona Deręgowska holds a degree in Economics from the University of Rzeszów and has completed postgraduate studies in Controlling and Management Accounting at the AGH University of Science and Technology in Kraków. She further specialised through postgraduate studies in Strategic Financial Management with preparation for CIMA certification. Currently, she is pursuing ACCA certification at the Strategic Professional level and is enrolled in postgraduate ESG studies at Kozminski University.

She is an active member of the Polish Corporate Treasurers Association (PCTA).

With over 15 years of experience in strategic financial management, Ilona Deręgowska has developed her expertise in two publicly listed companies. At Asseco Poland, she was responsible for treasury operations, liquidity management, and participated in numerous consolidation processes within the Asseco Group.

At Jastrzębska Spółka Węglowa, a state-owned listed company, she served as Chief Financial Officer during one of the most challenging periods in the company's history, overseeing financial management, risk mitigation and liquidity.

As Chief Financial Officer (2022-2024) of Intec Energy Solutions (CHINT Green Energy), a European energy sector company specialising in photovoltaic farm development, she led controlling, accounting, financial reporting, treasury and taxation functions.

In her current role as Member of the Management Board of IDA JSC, she oversees the company's finance function, focusing on enhancing accounting, reporting and controlling processes across the IDA Capital Group. Her responsibilities also include effective capital and financial risk management, securing financing, as well as optimising and transforming financial processes within the IDA Group.

Krzysztof Telega is a high level manager and corporate finance expert with over 30 years of professional experience in the banking and financial institutions sector. He possesses extensive expertise in credit risk management, corporate restructuring, and alternative business financing solutions.

As Deputy President of the Management Board of Bank Ochrony Środowiska (2008–2014), he oversaw corporate banking, public sector financing, and the development of factoring products. Previously, as Managing Director at PKO Bank Polski (2005–2008), he supervised investment project financing and cooperation with local government entities. He also served as a Member of the Management Board of Bank Pocztowy (2016–2017), where he was responsible for the development of retail and institutional banking. Between 2018 and 2025, he operated his own advisory firm, specialising in process optimisation within financial institutions and non-bank financing solutions.

Krzysztof Telega holds a degree in Economics from the Foreign Trade Faculty of the Warsaw School of Economics (SGH). He is a licensed restructuring advisor and holds the EFPA ESG Advisor certification, confirming his expertise in sustainable finance.

Currently, as Deputy President of the Management Board of IDA JSC, he leads the strategic loan division, focusing on efficient financial portfolio management, credit risk optimisation, and supporting key investment projects within the IDA Capital Group.