Polish media group Cyfrowy Polsat ousts billionaire founder Solorz as chairman

Cyfrowy Polsat SA

22/07/2025 10:10

GDANSK, July 22 (Reuters) - Polish media group Cyfrowy Polsat CPS.WA on Tuesday ousted its billionaire founder Zygmunt Solorz as the chairman of the supervisory board, a major development in a long-running family conflict over the control of his business empire.

Liechtenstein-based TiVi Foundation, a key shareholder with an about 60% stake in the company, exercised its right to remove Solorz and appointed Daniel Kaczorowski in his place.

It also replaced CEO Miroslaw Blaszczyk with former Netia head Andrzej Abramczuk, Cyfrowy Polsat said in a statement.

The move follows a May court ruling in Liechtenstein which, according to Polish media, upheld a succession plan that effectively transferred control of the foundation from Solorz to his three children.

"The Foundation Board underscores that the Foundation's cornerstone obligation is to protect its assets, and the above changes were indispensable to properly discharge said obligation," TiVi Foundation said in a separate statement.

Solorz had removed his sons from company boards late last year after they raised concerns about his health and told managers to be careful when accepting orders from people who had recently gained power in his businesses.

 (Reporting by Marta Maciag and Rafal Nowak, editing by Milla Nissi-Prussak)

 ((Marta.Maciag@thomsonreuters.com;))