17:18 GMT, September 1, 2009 Odolena Voda, Czech Republic | Aero Vodochody, Czech Republic, today announced organizational changes based on new long-term strategy regarding the further development of the Company:
Mr. Ladislav Simek was appointed new President of the Company; former President Igor Hulak is leaving. Previously, Ladislav Simek has held the positions of Vice President Strategy and Strategic Programs of Aero Vodochody and of Technometra Radotin CEO (landing gear manufacturer, member of the Aero Group).

„We decided to strengthen our focus on the production development, mainly in the aero-structures area. I would like to thank Igor Hulak for the job he has done here in Aero and I am wishing all the best to Ladislav Simek in his new role,” says Zdenek Kubat, investment director of Penta Investments, the shareholder of Aero Vodochody.

„The strategic aim of Aero is to become preferred partner in prestigious projects of leading aerospace manufacturers, participate on risk-sharing projects and offer flexible services and advanced products in the global aerospace and defense industry. My priority now will be to follow the direction that Igor has introduced in Aero: lean management and cost effectiveness, further enlargement of the cooperation with our customers and new businesses development,” says Ladislav Simek, new President of Aero Vodochody.

Ladislav Simek (1973) graduated at Economic University in Prague and EMBA at Thunderbird University (Arizona, USA). Before he came to Technometra Radotin, he worked in DRINKS UNION as General Manager, in Nemak Europe as Administration Manager, Office Depot as Financial Manager, in PAPIRIUS as Financial Manager and Manager of Strategic Purchasing, and Kbelovna Decin as Financial Manager. In January 2009 he has become the Vice President for Strategy and Strategic Programs in Aero Vodochody.


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