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    Jiri Smejc to become Chairman of Board of Directors, Home Credit Group; new CFOs are to be appointed to PPF Group and Home Credit Group

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    Following the recently announced changes in the shareholding structure of PPF Group, there will be some key management changes at PPF Group:

    • Jiri Smejc will become a direct shareholder in Home Credit through a swap of his ownership interest in PPF Group, and will become the Chairman of the Home Credit Group Board of Directors.
    • Pavel Horak, the current CFO of PPF Group, will join Home Credit Group as of January 1, 2013 as its CFO and will become a member of the Board of Directors
    • Katerina Jiraskova, who has to date led Generali PPF Asset Management, will become the new CFO of PPF Group.
    “When Jiri Smejc and I agreed early this year on the sale of his five per cent stake in PPF Group and on his purchase of a direct ownership share in Home Credit Group, we also agreed that Jiri would become Chairman of the Board of Directors at Home Credit Group,” Petr Kellner, majority shareholder and founder of PPF Group, commented. “Furthermore, considering the importance of Home Credit to PPF Group, Pavel Horak becomes the CFO of Home Credit. I would like to take this opportunity to thank Sonia Slavtcheva who has managed Home Credit’s finance successfully to date. She has played a huge part in the Home Credit Group’s success.”

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