Board of Directors

The Board of CD PROJEKT S.A. operates in accordance with the Polish Corporate Law, the Company Articles of Associations and the Board Regulations. The prerogatives of the Board include representing the Company in all matters not reserved by national law or the Company Articles of Association to the Supervisory Board or the General Meeting of Shareholders.

The Board of CD PROJEKT S.A. is made up of the following people:

Adam Kiciński – President, Joint CEO

Completed studies at the Warsaw University Faculty of Physics without receiving a diploma. Associated with CD PROJEKT since its founding in 1994. Played an active part in fostering the development of the game distribution market in Poland.

Involved in establishing and managing a network of CD Projekt retail points (1995-1999), subsequently becoming the CD Projekt Marketing Director (1999-2004). Co-directed the activities of CD Projekt RED since 2004, becoming its sole director in 2006. In CD Projekt RED was initially responsible for developing the first game in The Witcher series, which premiered in 2007.

Adam Kiciński also coordinated the development, marketing and sales of The Witcher 2, along with the creation of a proprietary game development platform. In 2009 he proposed and subsequently saw through a corporate merger between CD PROJEKT and Optimus (then listed on the Warsaw Stock Exchange). Following formal conclusion of the merger and devolution of de-facto responsibility for further management of Optimus upon the owners of CD PROJEKT he was promoted to the company Board of Directors, eventually becoming its chairman (in 2010).

Adam Kiciński is a recipient of the Jan Wejchert Prize for Vision and Innovation awarded by the Polish Business Council.

Adam Kiciński:
- oversees formulation of the Company’s and its Capital Group’s business strategies and supports their practical implementation,
- coordinates Company activities in the scope of investor relations.

Marcin Iwiński – co-founder, Joint CEO

Graduated from the Warsaw University Faculty of Management majoring in management and marketing. Additionally obtained an MBA from the Warsaw University Faculty of Management.

Co-founder and joint owner of CD PROJEKT Group companies (since 1994), responsible for business growth and managing international contacts as a Board Member and Joint CEO of the Group.

In 2008, together with Michał Kiciński, he won the Polish edition of the prestigious Entrepreneur of the Year competition organized by Ernst and Young. Named 2010 Polish Internet Person of the Year (together with Michał Kiciński).

Marcin Iwiński:
- coordinates the Company’s international activities and the corresponding policies,
- takes part in supervising and managing the Company’s foreign subsidiaries.

Piotr Nielubowicz – Member of the Board, CFO

Piotr Nielubowicz graduated from the Warsaw University Faculty of Management, majoring in management and marketing. Furthermore, completed financial studies at the Leon Koźmiński University (without receiving a diploma) and postgraduate studies at the SGH Warsaw School of Economics, majoring in Capital Investments and Company Development Projects and postgraduate studies at the SGH Warsaw School of Economics & EY Academy of Business, majoring in IFRS in Practice.

In 1999 he joined CD PROJEKT as the Company’s shareholder, board member and CFO. Piotr coordinates the Company’s financial and accounting branches, property and administration, corporate governance and financial reporting. Piotr is also involved in CD PROJEKT’s investor relations.

Piotr Nielubowicz:
- coordinates the Company’s financial and accounting branches; ensures that the Company meets its financial reporting obligations,
- participates in investor relations.

Adam Badowski – Member of the Board, Studio Head

Completed studies at the Łódź University Faculty of Philosophy and History. Began his professional career in 1995 as a graphic designer at the Kolski and Partners Film & Advertising agency where his responsibilities focused on preparing storyboards for TV and commercials. During that time he also worked as a freelance designer of adverts and video clips.

Affiliated with the CD PROJEKT Group since 2002. As a graphic designer and animator he took an active part in creating the initial team of developers working on The Witcher project in Łódź. Jointly responsible for the artistic direction of The Witcher and The Witcher II: Assassins of Kings.

Prior to the merger between CD Projekt RED Sp. z o.o. and CD Projekt RED S.A. he was a board member of CD Projekt RED Sp. z o.o. responsible for daily management and overseeing game development projects.

Adam Badowski:
- heads he CD PROJEKT RED development studio which is owned by the Company,
- coordinates the Company’s game development activities.

Michał Nowakowski – Member of the Board, SVP Business Development

Graduated from the Nicolaus Copernicus University in Toruń majoring in English philology. In 2008 he also completed postgraduate studies in marketing and management at the Leon Kozminski University.

Began his professional career as an employee of Egmont Sp. z o.o. (1999-2002) and Axel Springer Polska Sp. z o.o. (2002-2005) where he was responsible for editing videogame-related periodicals and acquiring licenses for games bundled on CDs accompanying these publications.

Affiliated with the CD PROJEKT Group since 2005. Michał Nowakowski has been a Member of the Board of Auditors of SPIDOR (Association of Producers and Distributors of Entertainment Software) since 2008 and a Member of the Board of the Polish Games Association. 

Michał Nowakowski oversees formulation and implementation of the Company’s sales and publishing policies.

Piotr Karwowski – Member of the Board

Piotr Karwowski is a graduate of the Polish-Japanese Academy of Information Technology (formerly called the Polish-Japanese Institute of Information Technology), having majored in Multimedia and Artificial Intelligence. His professional career began in 1998 when he joined CD PROJEKT.

Over the years he has overseen the creation and development of CD PROJEKT and online stores. He also took part in designing online platforms supporting such franchises as World of Warcraft ( and The Witcher 3 (GOG Galaxy).

Mr. Karwowski is one of the creators of – a digital distribution platform rolled out in 2008. He has coordinated design and development work on store and later on GOG Galaxy platform.

Piotr Karwowski:
- co-manages the segment being mainly responsible for design and development of the platform and GOG Galaxy technology,
- supervises CD PROJEKT Group online services,
- since 2019 – responsible for operation and development of GWENT.