Bloomberg News

CEZ Appoints Two New Board Members, Plans to Simplify Structure

October 20, 2011

Oct. 20 (Bloomberg) -- CEZ AS, the Czech Republic’s largest power producer, named two new members to the executive board and said it will reduce the number of its divisions to nine from 11 next year, according to an e-mailed statement.

Purchasing department head Michaela Chaloupkova and strategy chief Pavel Cyrani were appointed to the seven-member board, CEZ said. Chief Financial Officer Martin Novak and division director Vladimir Hlavinka will remain on the board, according to the statement.

To contact the editor responsible for this story: Ladka Bauerova at lbauerova@bloomberg.net


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