According to CTK there are speculations that together with discussions about new government, there are talks about possible change in CEZ’s BoD. Current CEO Martin Roman could be replaced by Alexej Novacek from heating company “Teplarny Brno”.
Our view:
Martin Roman has been CEO of CEZ since April 2004 and company has been on good track to bring value to its shareholders. At the moment we see this issue only as a pure speculation, as it is still not clear what will be the outcome of political deadlock. However Mr. Novacek has reportedly close connections with leading members of ODS party.