Marcin Celejewski Takes the Helm at Grupa Azoty: Restructuring of the Giant Begins

Marcin Celejewski has been officially appointed as President of Grupa Azoty. The Supervisory Board's decision in early March 2026 concludes the recruitment process and opens a new chapter in managing the company, which has been struggling with massive debt and operational losses for months. Celejewski, previously associated with successes in managing large infrastructure entities, replaces individuals who served as acting presidents during the transitional period. The composition of the new management board was selected to represent the interests of the group's most important plants – the vice presidents come from the plants in Puławy and Police. This structure is intended to facilitate the planned asset consolidation, which is one of the pillars of the announced recovery strategy. A key challenge for the new team is implementing a radical cost-saving program. Grupa Azoty found itself in a difficult situation due to high natural gas prices – the main raw material for fertilizer production – and the uncontrolled influx of cheaper products from Russia and Belarus. The new president announced that the priority would be not only the ongoing restructuring of debt but also a redefinition of the business model of the entire capital group. The capital market reacted to this news with cautious optimism, awaiting specific dates and figures to be presented in the new multi-year plan. The Polish chemical industry has been undergoing the most serious crisis in its history since 2022, triggered by the energy shock following Russia's aggression against Ukraine and changes in EU climate policy.Media widely comment on Marcin Celejewski's professional connections, pointing to his long-term cooperation with key public sector managers.