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Telefonica Czech Republic Names New CEO Following Takeover by Local Businessman

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Telefonica Czech Republic has named a new CEO following the recent purchase of a 65.9% in the company by billionaire businessman Petr Kellner's PPF Group. As of 1 July, Tom Budn k will serve as the new CEO of O2, replacing Luis Malvido, who served as CEO for five years.

Luis Malvido remains in his post as Chairman of the Board.

"Firstly, I would like to focus on making our portfolio more decipherable - on services that our customers genuinely rely upon and utilise. Naturally, company profitability will also be a key focus," said Tomáš Budník, CEO of O2, adding: "The steps I take will not lead to mere short-term improvements, I am rather seeking changes that will enable O2 to maintain its position as market leader for many years to come."

Tomáš Budník has spent more than 20 years in the field of telecommunications, including periods at INEC, Ceský Telecom and GTS, where he occupied various management posts in the realms of sales, marketing, customer care and oversight.

Subsequently, as CEO, he partook in restructuring efforts at MobilKom, the provider of the U:fon network. In 2011, he joined PPF, where he initially served as IT Manager at the Eldorado subsidiary company. In 2013, he led a PPF project to create a fourth major mobile phone operator in the Czech Republic. Since April 2014, he has served at O2 in the post of Director of the IT & Demand Management division.

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Tags: o2  telefonica  Czech Republic