The Management Board and the Supervisory Board
The Management Board and Supervisory Board of AC S.A. together form a structure responsible for strategic decisions, corporate governance, and business integrity. This combination of experience, oversight, and vision ensures the company’s stable growth, operational transparency, and the effective achievement of its long-term goals.
leaders responsible for setting the direction of development
Board of Directors
The Management Board of AC S.A. is responsible for implementing the company’s strategy, building a competitive advantage, and overseeing all key areas of the company’s operations. It is a team of experts that guides the organization toward innovation, globalization, and steady growth.
Anatol Timoszuk
Chairman of the Board
Krzysztof Szymański
Executive Vice President of Operations
Paweł Baraniuk
Executive Vice President for Sales and Development
Anatol Timoszuk
Mr.Anatol Timoszuk served as Chairman of the Company’s Management Board from 2007 to 2008 and from 2019 to 2024. served as President of the Company’s Management Board from 2007 to 2008 and from 2019 to 2024, served as Chairman of the Supervisory Board from 2008 to 2011, and served as Vice Chairman of the Company’s Supervisory Board from 2011 to 2019.
Work experience
2025 – February 2026: Farmpasz Podlasie, LLC – Vice President of the Management Board;
2025 – present: Rolmak, LLC – President of the Management Board;
2020 – present: Farmpasz, LLC – Member of the Management Board (President of the Management Board 2013–2020, Member of the Supervisory Board 2004–2013),
2013 – 2024: Park Handlowy Kwadrat S.A. – Member of the Supervisory Board,
2023 – present: Rolnicza Spółdzielnia Produkcyjna ROLMAK – Liquidator (President of the Management Board 2008–2023, Member of the Management Board 2006–2007),
2007–2024: AC S.A.: Vice-Chairman of the Supervisory Board (2011 to September 30, 2019), Chairman of the Supervisory Board (2008–2011), President of the Management Board (2007–2008 and from 2019–2024),
1998 – present WIM sp. z o.o. – President of the Management Board,
1989 – present sole proprietorship,
2014 – 2015 November IIAnatol Timoszuki Wspólnicy sp. j. – Member of the Management Board,
2012–2014 LS Invest sp. z o.o. – Member of the Supervisory Board, March 2011–April 2011 PMB S.A. – President of the Management Board,
2005–2006 Projekt Elpro 3 sp. z o.o. – Member of the Supervisory Board,
2004 – 2008 Good Sky Polska sp. z o.o. – President of the Management Board,
2001 – 2005 BOS S.A. – Member of the Supervisory Board,
2000 – 2007 AC Biuro Handlu Zagranicznego sp. z o.o. – President of the Management Board,
1999 – 2017 TLS S.A. – Member of the Supervisory Board,
1999 – 2007 AC Wytwórnia Części Samochodowych sp. z o.o. – President of the Management Board,
1997 – 2014 DEF sp. z o.o. – President of the Management Board.
Education and Qualifications
Anatol Timoszuk has completed basic vocational training and has attended a number of specialized business training courses.
Krzysztof Szymański
He was appointed to the Company’s Management Board in January 2022 as Executive Vice President for Operations. He has served as the Company’s Chief Operating Officer since 2016.
Work experience
2016–2022 – AC S.A. – Chief Operating Officer
2013–2016 – ATI ZKM Forging Sp. z o.o. – Production Manager/Director of Production,
2003–2013 – Rosti Poland sp. z o.o.
2003–2013 – Rosti (POLSKA) Sp. z o.o.
2010–2013 – Production Director
2006–2010 - Production Manager
2003 – 2006 - Shift Foreman
2000 – 2003 - Instal Białystok S.A. - Deputy Head of the Installation Department/Contract Manager.
Education and Qualifications
He is a graduate of the Faculty of Civil and Sanitary Engineering at the Białystok University of Technology. He has completed a number of specialized management training courses.
Mr. Krzysztof Szymański does not engage in any business activities outside of AC S.A., does not participate in any competing company as a partner in a general partnership, a partnership, or as a member of a corporate body, nor does he participate in any other competing legal entity as a member of its governing body; he is not listed in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.
Paweł Baraniuk
Mr. Paweł Baraniuk has been with the Company since February 2017 and has served as Export Director since October 2020.
Work experience
2020 – AC S.A. – Export Director
2017–2020 – AC S.A. – Market Development Expert
2012–2017 – Grafix – Sales and Development Consultant 2012 – Socializer –
Community Manager.
Education and Qualifications
Mr. Paweł Baraniuk holds a college degree. He earned a Master of Laws and a Master of Management from Kozminski University in Warsaw, as well as a Bachelor’s degree in International Economic Relations from the University of Białystok, and has completed a number of specialized training courses.
According to the statement submitted, Mr. Paweł Baraniuk: does not conduct any business activity outside of AC S.A., does not participate in any competing company as a partner in a civil law partnership, a partnership, or as a member of a governing body of a corporate entity, nor does he participate in any other competing legal entity as a member of its governing body, and is not listed in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.
Corporate Governance Oversight and Security
Supervisory Board
The Supervisory Board exercises ongoing, independent oversight of the company’s operations, ensuring transparency, compliance with the law, and the protection of shareholders’ interests.
It is the body that monitors the activities of the Management Board and supports strategic decisions critical to the long-term development of AC S.A.
Chairman of the Supervisory Board
Michał Karol Hulbój
Mr. Michał Hulbój has been a member of the Company’s Supervisory Board since 2019 and has served as Chairman of the Supervisory Board since May 2022. He holds a university degree (Warsaw School of Economics, Finance and Banking). He has completed training for investment advisors, holds a securities broker license, and has passed two exams of the CFA Program.
Professional History
2025 – present Mo-Bruk S.A. – Member of the Supervisory Board
2024 – present Remak - Energomontaż S.A. – Member of the Supervisory Board, Member of the Audit Committee
2024 – present Tauron Polska Energia S.A. – Member of the Supervisory Board, member of the Audit Committee, member of the Strategy Committee
2022 – present Onde S.A. – member of the Supervisory Board
2022 – present Develia S.A. – member of the Supervisory Board, member of the Audit Committee
2017 – 2020 Develia S.A. – Chairman of the Supervisory Board, Chairman of the Nomination and Compensation Committee
2019 – 2020 Develia S.A. – Acting President of the Management Board
2017 – Develia S.A. – Member of the Supervisory Board, Member of the Audit Committee
2022 – present AC S.A. – Chairman of the Supervisory Board, Chairman of the Audit Committee
2019 – 2022 AC S.A. – Member of the Supervisory Board, Chairman of the Audit Committee.
2017 – present Orzeł Biały S.A. – Member of the Supervisory Board, Chairman of the Audit Committee
In addition, he held the following positions:
2023–2024 Biazet S.A. – Chairman of the Supervisory Board
2023–2024 Park Handlowy Kwadrat S.A. – Member of the Supervisory Board
2022–2023 Centrum Handlowe Szembeka Sp. z o.o. – Chairman of the Supervisory Board
2021–2022 Herkules S.A. – Member of the Supervisory Board, Chairman of the Audit Committee
2020–2021 AB Kauno Tiltai – Member of the Supervisory Board
2019–2023 Libet S.A. – Member of the Supervisory Board, Member of the Audit Committee
2018–2019 Nowa Gala S.A. – Member of the Supervisory Board, Member of the Audit Committee
2016–2021 Trakcja S.A. – Vice-Chairman of the Supervisory Board, Member of the Audit Committee, Member of the Nomination and Remuneration Committee
2015–2016 Trakcja S.A. – Member of the Supervisory Board, Member of the Nomination and Remuneration Committee
2014–2018 Cresco Sp. z o.o. – President of the Management Board
2013 – 2014 Forum TFI – Member of the Management Board, Director of the Asset
Management Office 2012 – 2013 Erste Securities Polska S.A. – Director of the Research Department
2010–2011 Skarbiec TFI – Director of the Equity Product
Management Department 2008–2010 PTE PZU S.A. – Equity
Portfolio Manager 2005–2008 PTE PZU S.A. – Equity Analyst
2004 – 2005 Millennium Dom Maklerski S.A. – Equity Analyst
2002 – 2004 Bank Millennium S.A. – Management Training Program
Mr. Michał Karol Hulbój meets the independence criteria set forth in Article 129 of the Act on Statutory Auditors, Audit Firms, and Public Oversight, and has no actual or material ties to any shareholder holding at least 5% of the total number of votes in the Company, in accordance with Section 2.3 of the Code of Best Practices for Companies Listed on the Warsaw Stock Exchange 2021 (as amended by Resolution No. 13/1834/2021 of the Supervisory Board of the Warsaw Stock Exchange S.A. dated March 29, 2021).
Vice Chair of the Supervisory Board
Artur Jarosław Laskowski
He holds a technical high school diploma (1982–1987, Technical School of Precision Mechanics in Białystok) and has completed a number of specialized training programs and courses in finance and management, including those offered by the Canadian Institute of Management, Harvard Business School, and Harvard Business Review.
Professional History
2022 – present Artdor 4 sp. z o.o. – President of the Management Board,
2020 – present Artdor 3 sp. z o.o. – President of the Management Board,
2018 – present Artdor 2 sp. z o.o. – President of the Management Board,
2018 – present Artdor 1 sp. z o.o. – President of the Management Board,
2018 – present Artdor sp. z o.o. – President of the Management Board,
2016 – present Jagiellonia-Białystok Sportowa Spółka Akcyjna in Białystok – Member of the Supervisory Board,
2015 – present Apartamenty Jagiellońskie sp. z o.o. – Authorized Signatory,
2013 – present Park Handlowy Kwadrat S.A. – Member of the Supervisory Board,
2012 – present BIAZET S.A. in Białystok – Member of the Supervisory Board,
2007 – present AC S.A. – Member of the Supervisory Board,
2006 – present JRolnicza Spółdzielnia Produkcyjna ROLMAK – Member of the Supervisory Board,
2004 – present Farmpasz sp. z o.o. – Member of the Supervisory Board
In addition, he held the following positions:
2015–2017 Nowa Farmacja S.A. – Member of the Supervisory Board,
2011–2012 Tradis sp. z o.o. – Member of the Supervisory Board,
2009–2018 Emperia Holding S.A. – Member of the Supervisory Board,
2006–2008 Mispol Group Trade sp. z o.o. – Member of the Supervisory Board,
2006–2007 Berti sp. z o.o. – Member of the Supervisory Board,
2005–2008 Jagiellonia-Białystok Sportowa S.A. – Authorized Signatory,
2005–2007 DEF sp. z o.o. – Member of the Supervisory Board,
2005–2007 Express Podlaski, LLC – Member of the Supervisory Board,
2005–2007 Projekt Elpro 3, LLC – Member of the Supervisory Board,
2005–2006 ROLMAK Agricultural Production Cooperative – Member of the Management Board,
2005–2006 Sygel Jool S.A. – Member of the Supervisory Board,
2004–2007 Dystrybucja Logistyka Serwis S.A. – Member of the Supervisory Board,
2004–2006 Rolnicza Spółdzielnia Produkcyjna ROLMAK – Member of the Supervisory Board,
2004–2006 PMB Market sp. z o.o. – Member of the Supervisory Board,
2004–2006 Jaskółka sp. z o.o. – Member of the Supervisory Board,
2004–2005 INFOZA sp. z o.o. – Member of the Supervisory Board,
2004–2005 MILEA sp. z o.o. – Member of the Supervisory Board,
2002–2007 Spedycja - Wschód sp. z o.o. – Member of the Supervisory Board,
2002–2005 Mispol Group Consulting, LLC – Member of the Supervisory Board,
2002–2006 PMB S.A. – Member of the Supervisory Board,
2002–2005 Nowa, LLC – Member of the Supervisory Board,
2001–2009 ARSENAŁ S.A. – Member of the Supervisory Board,
1996–2009 BOS S.A. – President of the Management Board, Member of the Management Board,
1995–1996 PHU KOMETA S.C. – Partner,
1994 – 1996 PHU NEX Siedlce S.C. – Partner,
1993 – 1996 PHU NEX Olsztyn S.C. – Partner,
1990 – 1996 PH NEX Białystok S.C. – Partner
Member of the Supervisory Board
Marzena Anna Smolarczyk
Born on October 26, 1971, in Warsaw. She holds a master’s degree from the Faculty of Foreign Trade at the Warsaw School of Economics. She completed postgraduate studies in Human Resource Management in Public Administration at the University of Public Administration in Białystok. She graduated from the Stanisław Staszic High School No. 14 in Warsaw, specializing in mathematics and experimental sciences.
Professional History
2017 – present: ANMAR Marzena Smolarczyk..
In addition, he held the following positions:
2017 MAW Smolarczyk sp. j. – Partner,
2017 OTM Smolarczyk sp. j. – Partner,
2016 Smolarczyk sp. j. – Partner,
2015–2018 ANMAR Marzena Smolarczyk sp. z o.o. – President of the Management Board,
2015–2016 Marzena Smolarczyk sp. z o.o. – Member of the Management Board,
2013–2016 ANMAR Marzena Smolarczyk sp. j. – Partner,
2013–2015 Marzena Smolarczyk SKA – General Partner,
2012–2014 AN MAR Marzena Smolarczyk SKA – General Partner,
2011–2013 BOS INVESTMENTS S.á r.l. – Member of the Management Board,
2010–2011 ARTA sp. z o.o. – President of the Management Board
Ms. Marzena Anna Smolarczyk meets both the independence criteria set forth in Article 129(3) of the Act on Statutory Auditors, Audit Firms, and Public Oversight, as well as those in Section II Z.4 of the Code of Best Practices for Companies Listed on the Warsaw Stock Exchange 2016 (as amended by Resolution No. 26/1413/2015 of the Supervisory Board of the Warsaw Stock Exchange S.A. dated October 13, 2015).
Member of the Supervisory Board
Zenon Andrzej Mierzejewski
Born on April 4, 1950, in Ostrołęka. He served as a member of the Company’s Supervisory Board from 2008 to May 2019. He holds a college degree in natural sciences. He has completed a number of specialized business training courses.
Professional History
2017 – present Fotowoltaika Podlasie sp. z o.o. – Member of the Management Board
1997 – 2013 Association of Merchants, Manufacturers, and Service Providers in Białystok – Chairman of the Management Board, currently – Honorary Chairman,
1993 – present Supreme Council of Trade and Service Associations in Warsaw – Member of the Management Board,
1982 – present sole proprietorship.
In addition, he held the following positions:
2008–May 2019 AC S.A. – Member of the Supervisory Board,
2005–2008 TLS S.A. – Member of the Supervisory Board,
2005–2007 BOS S.A. – Chairman of the Supervisory Board,
2007–2009 Emperia Holding S.A. – Vice Chairman of the Supervisory Board,
1993–2008 Podlasie Business Club in Białystok – Member of the Board,
2003–2019 Association of Accountants, Białystok Regional Branch – Member of the Board,
1977–1982 Office of Forest Management and Forest Surveying in Białystok
Member of the Supervisory Board
Dariusz Kowalczyk
A graduate of the University of Białystok, Faculty of Law.
Professional History
1989 – present Asdex sp. z o.o. – Member of the Management Board,
2002 – present Cristal sp. z o.o. – Member of the Management Board,
2002 – present Iwa sp. z o.o. – Member of the Management Board,
2009 – present JAGIELLONIA BIAŁYSTOK SPORTOWA S.A. – Authorized Signatory, Member of the Supervisory Board,
2010 – present Marka S.A. in restructuring – Member of the Supervisory Board
In addition, he held the following positions
from 2015 to 2017: Dariusz Kowalczyk sp. z o.o. – President of the Management Board;
from 2015 to 2017: Jagodowa Dariusz Kowalczyk sp. z o.o. – President of the Management Board;
from 2015 to 2016: Merak sp. z o.o. – President of the Management Board
Independent oversight of financial processes
Audit Committee
Michał Karol Hulbój,
Chairman of the Audit Committee
Marzena Anna
Smolarczyk, Member of the Audit Committee
Zenon Andrzej Mierzejewski
, Member of the Audit Committee
Two members of the Audit Committee, namely Mr. Michał Karol Hulbój and Ms. Marzena Anna Smolarczyk, meet the independence criteria set forth in Article 129 of the Act of May 11, 2017, on Statutory Auditors, Audit Firms, and Public Oversight, and have no actual or material ties to a shareholder holding at least 5% of the total number of votes in the Company, in accordance with Section 2.3 of the Code of Best Practice for Companies Listed on the Warsaw Stock Exchange 2021 (as amended by Resolution No. 13/1834/2021 of the Supervisory Board of the Warsaw Stock Exchange S.A. dated March 29, 2021).