Martin Štefunko is leaving PPF to manage O2
05/15/2015

PPF Group is announcing that Martin Štefunko, its current Investment Director, is leaving the Group’s executive management team with effect from 31 May 2015 to continue focusing solely on his position as the Chairman of the Supervisory Board at O2 Czech Republic a.s. This step, which is part of the Group’s long-term plans, is connected to the organisational and legal separation of the telecoms network infrastructure company, CETIN, from O2, as both companies have to be clearly separated in terms of human resources and processes. Accordingly, Martin Štefunko has already left his positions in the governing bodies of PPF a.s., (member of the Board) and PPF banka a.s., (Chairman of the Supervisory Board).

“Martin is a unique individual and there are few like him in the Czech business world. In the last five years as Investment Director, he has helped drive the shift in PPF’s investment strategy to focus on major projects. I believe that his tenure at O2 will be just as successful as that at PPF and that all shareholders will ultimately benefit”, says Petr Kellner, the majority shareholder of PPF Group.

Martin Štefunko adds: “The last five years with PPF were very important for me: the opportunity to work with Petr Kellner is a priceless life experience and I am grateful for it. I have learned a lot at PPF and gained a wealth of valuable experience”.