“CEO Pilát is leaving at his own request, which was approved by the Board of Directors of Metrostav,” said Vojtěch Kostiha, Metrostav spokesman, without further comment on the departure of the long-time director.
Pilát is leaving just five months after the Prague Regional Court imposed a three-year probation with a four-year delay, a three-million fine and a four-year ban in the second part of the corruption case of former Central Bohemian Governor David Rath. Pilate appealed against the verdict. The company did not comment on whether his departure was related to an invalid judgment. Sixty-one-year-old Pilát has been the CEO of Metrostav since 2008.
At the end of January, the Regional Court unjustifiably punished the entire Metrostav company in connection with Rath’s case, which it banned from participating in public contracts for three years. The largest construction company in the Czech Republic is also to pay ten million crowns. Metrostav also filed an appeal against the verdict. “Therefore, the court proceedings are still ongoing and for that reason we cannot and will not comment on the case until the final final decision,” Kostiha said in January about the court’s decision.
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The new CEO, 55-year-old Jaroslav Heran, has been working at Metrostav for thirty years since graduating from the field of hydraulic engineering at the Faculty of Civil Engineering of the Czech Technical University. He started in Prague as an assistant construction manager and gradually went through various managerial positions. In 2000, he was appointed Production Deputy for the company’s first division, which he took over eight years ago.
Through several other companies, Metrostav is controlled by a group of individuals, which largely overlaps with the group’s top managers. None of the owners holds a majority stake. In addition, Metrostav still has about 4,000 small shareholders from the time of coupon privatization in the first half of the 1990s. Together, however, they have only less than a 3% share in the company.
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