Wiaczeslaw Smolokowski
 | The topic of this article may not meet Wikitia's general notability guideline. |
Wiaczeslaw Smolokowski | |
|---|---|
| Add a Photo | |
| Born | 21 November 1954 Ukraine |
| Nationality | Polish |
| Education | Gnessin State Musical College |
| Occupation | Businessman and entrepreneur |
Wiaczeslaw Smolokowski - Polish entrepreneur and investor of Ukrainian descent.
Background
Early life
Born 21st November 1954 in Ukraine. In 1975 he graduated from Gnesinych music college, faculty of clarinet.
Between 1975 and 1985 he played as a musician in different bands and became an enthusiastic collector of popular, jazz and classical records as well as modern musical instruments. The passion for music led to the meeting with Gregory Jankilevitsch who was to become his long-time business partner.[1]
Career
In 1986 Smolokowski put his musical career[2] on hold, sold his collection of records and instruments and emigrated to Poland. Jankilevitsch joined him in Warsaw in 1987 and together they set up their first proper business venture (TM Team) trading consumer electronics and fast-moving consumer goods, based between Poland and Germany.[3]
In 1992 Smolokowski, together with Jankilevitsch, set up J&S Trading, that evolved into a group of companies trading globally in oil and petrochemical products.[4]
In 1997 they managed to sign their first long term supply contracts with Polish refineries Petrochemia Plock (later to become PKN Orlen) and Rafineria Gdanska (today Grupa Lotos).[4]
The later renewal of this contract attracted a lot of scrutiny and later controversy within Poland with regards to the dominant position of J&S Group in oil supplies. The position of J&S Group on the Polish market was one of the topics of analysis by a Polish parliamentary investigation commission established in 2004. (see: Controversy).
In 2004 J&S joined forces with two Swiss traders, Marco Dunand and Daniel Jaeggi to create Mercuria Energy Group. Shortly after that Dunand and Jaeggi took over managerial leadership while Smolokowski and Jankilevitsch stepped back from their operational role within Mercuria whilst remaining as minority shareholders.[5][6][7]
Since handing over day to day responsibilities at Mercuria, Smolokowski has turned to investments, building a diversified portfolio of companies.
In 2012 Smolokowski made a minority investment in the Impossible Project which operated the last factory producing Polaroid films, based in Enschede, Netherlands.[8]
In 2015 he partnered with his son to acquire full control of the Impossible Project.[5][8][9]
In 2017 together they purchased PLR (owner of the Polaroid brand name).[10][11]
Smolokowski’s other investments encapsulate a wide variety of industries, including biotechnology, real estate, energy-transition and music.[12][13]
Private life
Smolokowski has a wife and three children. The family is based in Switzerland.
Controversy
The dominant position built by J&S on the Polish energy market was one of the topics of the “Orlengate” parliamentary investigation commission in 2004 and 2005.[14]
Despite repeated allegations, the final report produced by the “Orlen Commission” cleared J&S Group and its shareholders of any wrongdoing or illicit activity. No charges were pressed against J&S Group or its shareholders. In addition, the shareholders of J&S successfully filed a complaint and a claim against one of the leading magazines in Poland Wprost which had relayed a number of the allegations against J&S Group and its shareholders.[15]
The case ended with a settlement and apologies issued by Wprost editors and publishers.[16]
References
- ↑ "Wiaczesław Smołokowski - Forbes - wiadomości gospodarcze i finansowe". www.forbes.pl. Retrieved 2022-11-03.
- ↑ "Wiaczesław Smołokowski". Discogs. Retrieved 2023-03-07.
- ↑ "Polskie obywatelstwo i fortuna zbita na ropie". Forbes.pl (in polski). Retrieved 2023-03-07.
- ↑ 4.0 4.1 "Wiaczesław Smołokowski". finanse.wp.pl (in polski). 2017-08-21. Retrieved 2022-11-03.
- ↑ 5.0 5.1 Hoffman, Andy (Aug 31, 2018). "Oil Trader Mercuria's Ownership Structure Revealed in Filing". bnnbloomberg.ca.
{{cite web}}: CS1 maint: url-status (link) - ↑ Hume, Neil. "Top three executives lift stake in Mercuria". Financial Times. Retrieved March 7, 2023.
- ↑ "Wieczeslaw SMOLOKOWSKI personal appointments - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2023-03-07.
- ↑ 8.0 8.1 "The Company That's Keeping the Polaroid Legacy Alive". Bloomberg.com. Retrieved 2023-03-07.
- ↑ Yurieff, Kaya (2017-09-14). "Polaroid returns to its roots with retro OneStep 2 camera". CNNMoney. Retrieved 2023-03-07.
- ↑ Zhang, Michael (2017-05-12). "Polaroid Acquired by The Impossible Project's Largest Shareholder". PetaPixel. Retrieved 2022-11-03.
- ↑ Ber, Sharon (2017-05-15). "A Majority Shareholder in the Impossible Project Now Owns the Polaroid Brand". PDN Online. Retrieved 2022-11-03.
- ↑ Anand, Dev (2019-01-30). "Nobu signs Warsaw, Poland". The Hotel Property Team. Retrieved 2022-11-03.
- ↑ "MARATHON ARTISTS LIMITED persons with significant control - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2022-11-03.
- ↑ "Jak napompowano aferę paliwową — tłumaczy Tomasz Sakiewicz". Onet Wiadomości (in polski). 2004-11-03. Retrieved 2023-03-07.
- ↑ "Firma J&S pod lupą ABW". www.rmf24.pl (in polski). Retrieved 2023-03-07.
- ↑ S.A, Wirtualna Polska Media (2008-01-22). "Wprost przeprasza". wiadomosci.wp.pl (in polski). Retrieved 2023-03-07.
External links
This article "Wiaczeslaw Smolokowski" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.