ITI Holdings (www.iti.pl) announced that Walter will move to the position of vice President. Valsangiacomo who, along with Jan Wejchert and Walter, is credited with putting ITI Holding in the leading position of the Polish media market.

"It is an honor for me to replace Mariusz Walter in the post of the President of ITI Holdings. I am sure that along with my partners, the members of the Executive Committee of ITI Holdings, we will still significantly contribute to ITI's development and strengthen its leader position with the use of our diverse companies working in media and entertainment. My goal is to make ITI Holdings a leader in innovation and excellence of execution. Creative enterprise, permanence and high quality standards are the main elements of our success and they make ITI Holdings an attractive employee, business partner and content supplier for all our clients," said Valsangiacomo.

ITI Holdings was created in 1984 by Wejchert and Walter, who were joined by Valsangiacomo in 1991. As an experienced Swedish entrepreneur and banking specialist, he invested in the potential of the Polish market and decided to become the third main shareholder of the quickly growing company. Currently, ITI Holdings is the leading media group in Poland, managing the biggest commercial television stations TVN (www.tvn.pl) and its thematic channels, one of the most popular Internet portals Onet ( www.onet.pl) with several online services, printed press, the first Polish digital television platform N (www.n.pl), the distribution company ITI Cinema (www.iticinema.com.pl) and the chain of multiplex cinemas Multikino (www.multikino.pl).