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    Pavel Horák appointed new CFO with PPF a.s.
    02/06/2008

    Effective from March 1, 2008, Pavel Horák (36), currently Deputy Chief Financial Officer, will be appointed Chief Financial Officer, PPF a.s. Pavel Horák will be responsible for managing financial activities within PPF Group.

    Pavel Horák who joined PPF a.s. financial department in 2006, is a graduate of Masaryk University in Brno, Faculty of Economics, as well as of University of Economics in Prague, Faculty of Finance. Pavel Horák gained his experience in the area of financial management working as auditor for Deloitte&Touche and then mainly during his long-term engagement as CFO of TV NOVA (2001-2006).

    Pavel Horák has the qualification of Chartered Certified Accountant, a member of the Association of Chartered Certified Accountants (ACCA, UK). He is fluent in English and Russian. Among his hobbies there is a plenty of several extreme and endurance sports.

    A long-term planned change at the CFO position relates to Kamil Ziegler’s decision to accept new challenges outside the financial area. Kamil Ziegler however remains a member of PPF statutory bodies. From 2004 he was responsible for PPF financial activities, contributing substantially to the Group’s international expansion. He managed PPF’s entering the Chinese market as well as acquisitions of financial institutions in the Central and Eastern Europe.

    Petr Kellner, founder and majority shareholder of PPF Group commented on Mr. Ziegler’s successful engagement with PPF: “I would like to use this opportunity to express my thanks to Kamil Ziegler. He did a great job for PPF as a top-ranking expert in his field, one of the most experienced financiers in the Czech Republic. Thanks to his effort PPF is now established as an international financial group, respected by business partners from the world’s financial elite”.

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