Andrzej Kensbok is a manager with more than 30 years of experience in corporate finance, strategic management and the restructuring of industrial enterprises in Poland and abroad. He holds master’s degrees in philosophy and theoretical physics from the Catholic University of Lublin, as well as an MBA from INSEAD Business School in France, where he specialized in cost management and business process reengineering. He built his professional career at international corporations and consulting firms. At PepsiCo he spent more than a decade in director-level roles in Poland, Switzerland and the United Kingdom, and later served as Vice President for Eastern Europe. Early in his career, he was a consultant at Bain & Company.
He has spent a significant part of his career in the mining and metals sector. As Vice President of the Management Board for Finance (CFO) at KGHM Polska Miedź S.A., he was responsible for the finances of one of the world’s largest copper and silver producers; in 2021, the group achieved the highest EBITDA in its history (PLN 10.3 billion). He led strategic digital transformation and energy transformation programmes, covering renewable and nuclear energy, including a small modular reactor (SMR) project. Previously, as President and CEO of KGHM International in Toronto, he managed the group’s international mining assets in North America. His work there included increasing output at the Robinson mine in Nevada (USA) and launching construction of a mine at the Victoria deposit in Ontario (Canada). Under his leadership, the company posted a net profit for the first time in its history and began repaying its debt to its Polish parent company.
He also gained experience in managing strategic industrial assets in several other roles. As Vice President for Investments at Gaz-System S.A., he led the construction of a PLN 6.5 billion floating LNG terminal (FSRU) in Gdańsk. He also served as President of the Management Board of Polska Grupa Zbrojeniowa S.A. (Polish Armaments Group). As Vice President of Agencja Rozwoju Przemysłu S.A. (Industrial Development Agency), he was responsible for a portfolio of more than 70 companies and numerous restructuring and capital transactions. He has also served on the supervisory boards of industrial and infrastructure companies, including six years as Chairman of the Supervisory Board of PKP S.A. (Polish State Railways).
As Vice President of the Management Board of Grupa Virtus S.A., he will be responsible for financing and developing ventures focused on recovering critical raw materials from industrial waste. In this role he will bring his financial expertise and many years of experience managing mining, metallurgical and industrial projects to bear on the Company’s mission. He pairs an investment and financial perspective with a deep understanding of metals production and of the challenges of the raw materials and energy transition. He will support the development of the revenue models, capital structures and industrial partnerships needed to advance the circular economy and raw materials security.