“I will have a lot of time, I already have a pension,” Radovan Vítek said in response to his announcement from his CPI Property Group (CPI) that he and his wife Maria Vítková were leaving the board of the Luxembourg parent company. Jonathan Lewis, a lawyer, was newly appointed, becoming his third independent member. This is a step that contributes to the further professionalization of the largest real estate group in Central Europe, and will be liked by current and potential bondholders, for example.
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Radovan Vítek will celebrate his fiftieth birthday next year on 22 January and has decided to slightly withdraw from the CPI Group, in which he controls 94.18 percent of the voting rights, and is thus by far its largest shareholder. The CPI owns assets with a book value of around 10 billion euros and the center of assets is still Central Europe. The golden egg is then the real estate in Berlin.
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“On behalf of the entire Board of Directors, I would like to thank Radovan for his long-term vision and his passion and energy for CPI Property Group,” said CPI Property Group Chairman Edward Hughes. New Board Member Jonathan Lewis works in London as an independent real estate consultant. He has 40 years of legal experience as a partner of the international law firm CMS.
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“Jonathan has extensive experience in commercial real estate. The other members of the Group’s Board of Directors are looking forward to being able to benefit from his knowledge and active participation in shaping the future of our group, “said Martin Němeček, CEO of CPI Property Group. The Board of Directors of CPI Property Group now consists of three independent members (Edward Hughes, Omar Sattar and Jonathan Lewis) and four members of management (Martin Němeček, Tomáš Salajka, Philippe Magistretti and Oliver Schlink).
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Radovan Vítek’s father Miloslav died this month after a long illness, he had a funeral in the Czech Republic last week and the second richest Czech decided to speed up his withdrawal from the operational proceedings. He will of course be the active owner with a detailed insight and at the same time stated that in the future he considers the CPI as a family property. His firstborn son is already looking into the business by his side.
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