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Posted: 6 December 2018

Wojtek Kostrzewa is the new CEO of Billon Group

Wojtek Kostrzewa, former CEO of ITI Group, appointed as CEO of the FinTech Billon Group, starting in January 2019; current CEO, Andrzej Horoszczak, becomes CTO and CVO. Company’s decision is driven by growth: international expansion and the execution of new strategic projects built on Billon’s proprietary blockchain technology

Warsaw / London, December 6, 2018. The Board of Directors of Billon Group Ltd. appointed yesterday Wojtek Kostrzewa as CEO. The decision will take effect at the start of  January 2019. The founder of Billon and the current CEO, Andrzej Horoszczak, is appointed as Chief Technology and Chief Visionary Officer.

Wojtek Kostrzewa has been involved with Billon since 2016 as an investor, and as a member of the Board of Directors since 2017. His new role will cover the day-to-day management of the company, fundraising, and strategic partnerships in Europe and Asia. Andrzej Horoszczak will be responsible for further development of Billon’s blockchain technology and for growing the engineering team. Andrzej’s responsibilities also include project delivery and ensuring Billon maintains its technological advantage.

Speaking about his appointment Wojtek Kostrzewa said, “I would like to congratulate Andrzej Horoszczak and the whole Billon team for bringing such a unique technology to the market. Billon is one of the very few blockchain companies, to move beyond the concept stage to working with banks and large corporations. We are no longer a startup, but an experienced FinTech, building partnerships with large business clients. I am convinced that 2019 will be a year of breakthrough enterprise implementations, proving that the world is ready to receive a civilized blockchain made in Poland.”

Billon is one of the very few blockchain companies to move beyond the concept stage to working with banks and large corporations

Wojtek Kostrzewa, the new CEO of Billon

Andrzej Horoszczak commented on his new role, “As Billon grows, it is time to follow Silicon Valley’s approach and transfer daily management to an experienced corporate executive. I am glad that I can entrust the company to an excellent manager and friend Wojtek Kostrzewa. Wojtek has a successful 28 year history of building large banking and media companies. I will be able now to devote more time to developing our technology, and focus on client delivery”.

Bio - Wojtek Kostrzewa

Wojtek Kostrzewa was the CEO of the media conglomerate ITI Group for the last 13 years. In the years 2005-2017 he served as a member and a long-term chairman of the Supervisory Board of television  broadcaster TVN. In the years 1990-2004 he worked as a successful CEO of Polski Bank Rozwoju and BRE Bank (today mBank) and managed the activities of Commerzbank in Central and Eastern Europe. Wojtek Kostrzewa is a graduate of the Economic Faculty at the University of Kiel (Germany) and also studied law at the University of Warsaw.

He currently serves, among other positions, on the board of directors of the Swiss Stadler Rail and on the supervisory boards of the insurance companies of the ERGO Hestia Group. In his free time he is passionate about travel and golf.

About Billon:
Billon civilized blockchain, creating a regulatory-compliant platform to manage money, identity and data. The platform can be used by enterprise companies to eliminate operational bureaucracy. The proprietary blockchain architecture stores data directly on-chain with no service costs.

Billon was founded in Poland in 2012. The development of its unique blockchain protocol has been supported by many R&D grants, including the EU Horizon 2020 program. In 2017 the company launched commercial operations in Poland and the United Kingdom. Billon is licensed to issue electronic money in the UK by the British regulator FCA. In November 2018, the company won the world's largest fintech festival in Singapore, organized by the Monetary Authority of Singapore, showing a solution to zero-cost blockchain micropayments.

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