ČEZ’s board of supervisors head Roman resigns

The head of the board of supervisors of the Czech state-owned energy firm ČEZ, Martin Roman, has resigned. He has also stepped down as member of the board. Mr Roman, who served as the utility’s CEO between 2004 and 2011, gave no specific reasons for his decision; according to media reports, however, the company’s former boss might want to avoid being held responsible for some of the firm’s controversial deals including the sale of one of the firm’s subsidiary, I&C Energo, and ČEZ’s role in the country’s solar boom relying on massive state subsidies. The position of the board of supervisors’ head will temporarily remain vacant, the Finance Ministry said.

Author: Jan Richter