Corporate Affairs

Colt CZ Group SE

Remuneration Policy and Remuneration Report

Remuneration Policy and Remuneration Report approved by the General meeting of Shareholders 22 June 2021.

Board of directors

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Jan Drahota
Chairman of the Board
Mr. Drahota studied at University of Economics, Prague and completed an Executive MBA program at the University of Chicago. Before joining Colt CZ, Mr. Drahota worked for almost 12 years in investment banking and financial markets for Société Générale Group, most recently as Managing Director, Head of Central and Eastern Europe, based in Paris. During 2014-2015, he served as a senior advisor to the Deputy Minister of Finance of the Czech Republic responsible for financial markets. Mr. Drahota has a broad non-executive director experience, and currently serves, inter alia, as a representative of the Ministry of Finance on the Supervisory board of ČEPS. Mr. Drahota has been with the Group since 2014. He has been appointed Chairman of the Board of Directors of Colt CZ effective 1 July 2021.
Josef Adam
Vice-Chairman of the Board
Mr. Adam is a graduate of the Faculty of Law of Charles University in Prague and the joint LL.M. programme of Nottingham Trent University and the Faculty of Law of Masaryk University in Brno. Before joining Colt CZ, Mr. Adam worked for two years as an attorney and partner at HAVEL & PARTNERS, law firm. He also has broad executive director experience. He worked for eleven years in various managerial positions at Airport Prague, Czech Aeroholding and Czech Airlines, including nine years as a member of the Board of Directors, where, in addition to the legal department, he also managed the finance, HR and IT departments. In Colt CZ, Mr. Adam is responsible for legal affairs, compliance and risk management.
Jan Holeček
Member of the Board
Jan Holeček studied economy and finance at Bentley University, USA. In 2016 he started his career in Siemens as market analyst, later on as business development specialist. From 2017 to 2021, he worked at Česká zbrojovka, a. s., first in the position of analyst, then as marketing director and member of the board of Česká zbrojovka responsible for sales. Since July 2021, he has been a member of the Colt CZ Group Board of Directors responsible for business.
Dennis Veilleux
Member of the Board
Dennis Veilleux is the Chief Executive Officer of Colt Holding Company LLC. With 35 years of experience in the industry, Mr. Veilleux has deep expertise in firearms manufacturing, design and business. Since joining Colt in 2006 and prior to being appointed CEO in 2013, Mr. Veilleux served in several key positions for Colt, including Executive Director of Engineering, Vice President of Manufacturing, and Chief Operating Officer. Before Colt he spent three years with GE Armament Systems where he participated in the manufacture and development of military weapon systems, he worked eight years at Sturm Ruger and eight years at U. S. Repeating Arms Company (FN Group).
Jan Zajíc
Member of the Board
Jan Zajíc graduated in Economics and Management at the Faculty of Business and Economics of Mendel University in Brno. Prior to joining Česká zbrojovka, he worked in various managerial positions in industrial companies in the Czech Republic and abroad. He started his career in Fatra, plastic producer based in Napajedla, then in the Continental Barum plants in Otrokovice and Púchov, Slovakia. In the Continental Group, he held various positions in the financial management and controlling at the production plant in Kuala Lumpur, Malaysia, and subsequently at the company’s headquarters in Hannover, Germany. Jan Zajíc, a native of Uherské Hradiště, was working at Česká zbrojovka since 2019 as its CFO. Since November 2020, he has served as Chief Executive Officer and Chairman of the Board of Directors of Česká zbrojovka.
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David Aguilar
Member of the Board
Mr. Aguilar served 35 years with U.S. Customs and Border Protection and the United States Border Patrol, acquiring a wealth of knowledge and experience in border law enforcement and administration, domestic and international policing, strategy, tactics, and policy development. He served the last three and a half years of his career as the Acting Commissioner of U.S. Customs and Border Protection, the highest-ranking career officer in the largest U.S. federal law enforcement organization. He retired from his career in U.S. Government’s service on 31 March 2013. Mr. Aguilar acts as an independent, non-executive member of the Board of Directors.

Supervisory board

Lubomír Kovařík
Chairman of the Supervisory Board
Mr. Kovařík graduated from Military Air Force University and he also completed an MBA program at Sheffield University. He started in the army as a pilot. He reached the rank of lieutenant in the Army Air Force. His pilot’s career ended in the mid-1990s and he began his civilian career in 1995 as manager in company Aulis. After a year he joined Škoda Praha as Production Director, where he worked his way up to the position of CEO. He later worked for Eltodo EG and Mavel. Between 2018 – July 2021, he was the President and Chairman of the Board of Directors of Colt CZ.
Vladimír Dlouhý
Member of the Supervisory Board
Mr. Dlouhý is a graduate of the University of Economics, Prague. He served as Minister of Industry and Trade of the Czech Republic between 1992 and 1997. Between 1997 and 2010, he advised ABB Group. From 2009-2012, he was a member of the European Advisory Group to the Managing Director of the International Monetary Fund. He currently serves as an International Advisor for Central and Eastern Europe at Goldman Sachs. He is also a member of the Trilateral Commission. At one point, he was a Deputy Chairman of its European Group.
Jana Růžičková
Member of the Supervisory Board
Mrs. Růžičková has over 15 years of experience in managerial positions and executive roles. She has served as a member of the Supervisory Board at Česká zbrojovka since 2015 and as a member of the Česká zbrojovka Audit Committee since 2017. Mrs. Růžičková also holds positions on the Board of Directors at Minezit and the Supervisory Board at CZ Agro Servis. Since 2014, she has acted as Statutory Director at M&H Management. Prior to her appointment to the Supervisory Board, she acted as vice-chairwoman of the Board of Directors of the Group.

Audit committee

Věslava Piegzová
Chairman of the Audit Committee
Mrs. Piegzová graduated from the VŠB Technical University in Ostrava. She held various accounting, reporting and managing positions during her long career at the metallurgy group Třinecké železárny. She also served in managerial positions in Vesuvius CR and České loděnice. In March 2013, she joined Česká zbrojovka a.s. as CFO and later became Vice-Chairman of the Board of Directors (serving until July 2019). In August 2019, she moved to Colt CZ. Mrs. Piegzová is Chairman of the Audit Committee since 17 January 2020 and her office term expires on 17 January 2025.
David Ondroušek
Member of the Audit Committee
Mr. Ondroušek worked for more than ten years in Deloitte's Audit Department, followed by 10 months in the WOOD & Company Finance Department and is currently working with Staněk, Tomíček & Partners tax offices. Mr. Ondroušek is a licensed auditor of the Chamber of Auditors of the Czech Republic and a member of the international professional organization Association of Chartered Certified Accountants. In addition to providing audit services, he focuses primarily on IFRS and transfer pricing advice. Mr. Ondroušek is a member of the Audit Committee since 17 January 2020 and is office term expires on 17 January 2025.
Tomáš Machuča
Member of the Audit Committee
Mr. Machuča graduated from the Faculty of Law at Masaryk University in Brno, in 2013 and from the Faculty of Management and Economics at Tomas Bata University in Zlín, in 2017. After his studies at Faculty of Law, he started his career as a company lawyer at Česká zbrojovka. He currently holds the position of Head of the Legal Department and also acts as corporate secretary. In addition, he is responsible for corporate compliance and the protection of personal data at Česká zbrojovka. Mr. Machuča is a member of the Audit Committee since 17 January 2020 and is office term expires on 17 January 2025.