On 30^th June the Supervisory Board of CTL Logistics made changes to the Management Board of CTL Logistics. By the decision of the Supervisory Board, the duties of the current Management Board Member for Operations, Andrzej Pawłowski and Przemysław Palonka, the Management Board Member for Trade and Development, will be taken over by: Paweł Stawarz, currently managing CTL Północ, and Krzysztof Pietrzyk, managing CTL Logistics Gmbh.

The overall supervision over the functioning of the Group is invariably exercised by Grzegorz Bogacki, President of the Management Board of CTL Logistics, while Marek Tymkiewicz is still responsible for the financial policy.

The created personal union of the management boards of the railway companies of the CTL Logistics Group is to contribute to increasing the economic efficiency of business activities, optimizing and maximizing the use of the infrastructural and geographical potential. The compatibility of business areas and their interdependence will be the key to achieving cost competitiveness and meeting the requirements of a constantly changing market.

Krzysztof Pietrzyk and Paweł Stawarz have been working in the CTL Logistics Group for over 3 years. During this period, they were responsible for the preparation and implementation of the reconstruction strategy of CTL Logistics Gmbh and CTL Północ, key for the development of the CTL Logistics Group. Shared management of railway companies combined with the consolidation of sales and operational teams will ensure more effective operation of the Group and strengthen its market position, in particular in key cross-border and first / last mile projects.

Grzegorz Bogacki, President of the Management Board of CTL Logistics:

CTL Logistics Gmbh and CTL Północ are of strategic importance for our Group and for the implementation of strategic goals set by the owner for the CTL Logistics Management Board. Our task is to transform the Group into an international logistics concern that will effectively operate in the most attractive and demanding markets. Over the last few years, we have consolidated most of the support functions, we have implemented a number of development projects, including the most technologically advanced IT system for railway logistics in Poland, to which Andrzej Pawłowski and Przemysław Palonka contributed significantly. I would like to thank both of them for the years of cooperation and joint preparation of the foundations for the transformation mentioned above - adds Grzegorz Bogacki.

From 1^st July 2021, the CTL Logistics Management Board works in the following composition:

Grzegorz Bogacki - President of the Management Board

Krzysztof Pietrzyk - Member of the Management Board for Trade and Development

Paweł Stawarz - Member of the Management Board for Operations

Marek Tymkiewicz - Member of the Management Board for Finance