CSG Strengthens Leadership Following IPO: Board Expanded and First Head of Investor Relations Appointed

Core Insights - Czechoslovak Group (CSG) has enhanced its leadership structure following its IPO on Euronext Amsterdam on January 23, 2023, by adding four independent directors and establishing a Head of Investor Relations position [1][2][19] Leadership Structure - CSG operates under a one-tier board structure governed by Dutch law, combining executive and supervisory roles within a single board [3] - The executive leadership includes Chairman and CEO Michal Strnad, COO David Chour, General Counsel Ladislav Štorek, Director of Acquisitions Petr Formánek, and CFO Zdeněk Jurák, who manage the daily operations of the group [4] - The independent board directors include General (Ret.) John Nicholson, Lynn Fordham, Susanne Wiegand, and Virginie Banet, each bringing extensive experience from various sectors [5][9][11][13] Independent Directors' Contributions - General (Ret.) John Nicholson will provide strategic insights into security and supply chain resilience, leveraging his experience from NATO and the U.S. Army [7] - Lynn Fordham aims to enhance financial oversight and investor engagement, drawing from her 40 years in investment and corporate governance [9] - Susanne Wiegand contributes expertise in scalable manufacturing and industrial governance, having led major defense companies [11] - Virginie Banet focuses on governance during the IPO phase and long-term capital allocation strategy, emphasizing the importance of clear communication in financial governance [13][14] Investor Relations - Peter Russell has been appointed as the first Head of Investor Relations, responsible for enhancing communication with capital markets and building investor confidence [6][15] - Russell emphasizes the need for credibility and consistency in communication post-IPO, aligning actions with words to meet market expectations [16] Company Overview - CSG N.V. is a leading European defense industrial group headquartered in Prague, Czech Republic, focusing on defense and industrial technologies [17] - The group reported annual revenues of EUR 4.0 billion in 2024 and employs over 14,000 people across various countries [17]