Personnel Changes in the Management of CZ LOKO,

Press Release-

Dear Business Partners,

I would like to inform you about the following personnel changes which have come into effect on 1 April 2019.

In line with the Company’s long-term strategy and its future direction, Ing. Jaroslav Plhák, the previous Business Director, has been appointed the Technical Director. At the same time he has become the Deputy of the Chief Executive Officer of CZ LOKO. His new mission will be the product and quality management in CZ LOKO, with an overlap to the strategic supplier management.

Ing. Jan Kutálek, his previous Deputy who worked as the Sales Director, has been newly appointed the Business Director. This change guarantees continuity of the Company’s business and marketing strategy. The position of the Sales Director has been cancelled.

I would like to thank Ing. Jiří Štěpánek, the former Technical Director who has now become the Head of Rolling Stock Approval Department, for the work performed up to the present.

Telephone and e-mail contacts to all the mentioned persons have been preserved and you can find them at www.czloko.cz, “Contacts/Management” section.

Dear Business Partners, thank you for the highly successful cooperation so far, and I look forward to working with you further on.

Josef Gulyás 
Vice Chairman of the Board and Chief Executive Officer
CZ LOKO, a.s.

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