Prague’s transit company CEO steps down

The board of directors of Prague’s transit authority on Thursday accepted the resignation of the firm’s CEO, Milan Křístek, a day he offered to step down. Mr Křístek was planning to leave his post by the end of November but the head of the board said that due to ongoing problems of the company, his resignation was accepted without further delay. Commentators say Mr Křístek’s decision to offer his resignation was motivated by waning support he felt from Prague City Hall, the company’s owner over his plans for the company, including increasing the prices of tickets for Prague’s metro, trams and buses.