Chairman of the board of directors of a Prague asset management firm resigns

Jan Bouška, the chairman of the board of directors of Prague's municipal property management company Trade Centre Praha (TCP), has resigned his position and quit the company. Adam Zábranský (Pirates), Prague's property councillor, told reporters today that it was Bouška's decision. Marta Pražáková became a new member of the company's management, so the board now has two out of three members. The third member will be selected by the supervisory board on the basis of the bankruptcy procedure already carried out and then it will decide who will become the head of the company. Josef Bláha is temporarily in charge of the Management Board.

"There was an apparent dissatisfaction of the supervisory board in some basic functioning and Mr. Bouha has assessed that he will resign," Zábranský said.

According to him, Pražáková was chosen by the supervisory board on the basis of a selection procedure in which 116 candidates applied. In view of this, Zábranský said it was unnecessary to announce a new competition and the board would select a third member of the board from other quality candidates to replace Bouška.

"The Supervisory Board has the ambition to elect a third board member by the end of the year so that the board will be complete again after a long time," the councillor added. Subsequently, the board of directors will elect the chairman and vice-chairman on the basis of a previous recommendation by the supervisory board, which includes representatives of the Prague City Council parties.

At their last meeting, the councillors dealt with the case of the house on Old Town Square, which TCP will lease to Lorinfaj Promotion for about CZK 22 million a year at the end of 2020. However, the owner never started paying the full rent and now owes the city about CZK 30 million. According to a statement last week, TCP has negotiated an agreement with the owner of the company, which will still have to be approved by the councillors in view of the amount of the debt. Zábranský announced today that he would still want to negotiate the terms of the agreement.

Source: CTK