Czech utility Pražská plynárenská dismisses CEO Pacovský

Martin Pacovský, the outgoing chairman of the board of Pražská plynárenská, has left his post after the company's supervisory board dismissed him at a meeting on Monday. The board said the reason was differing views on the management and operation of the company. The new company chief will be selected through a planned recruitment process. Pražská plynárenská announced the news on its website. Pacovský had led Pražská plynárenská since January 2021. The company's sole shareholder is Pražská plynárenská Holding, which is controlled by the City of Prague.

Neither side has yet disclosed the specific reasons for the disagreement. Pacovský wrote on his X social media account, formerly Twitter, without providing further details, that his time at Pražská plynárenská had come to an end after „three intense and turbulent years“.

„In recent months, members of the supervisory board, which has full authority to appoint and dismiss board members, have voiced differing views between the chairman of the board and the supervisory board on how the company should operate and the direction it should take in the future,“ Jan Chabr (TOP 09), chairman of the Prague City Assembly's energy committee, told CTK today.