Finance Ministry replaces Czech Aeroholding board members

The Finance Ministry on Friday replaced several members of Czech Aeroholding’s board of directors and of its supervisory board, the ministry said in a press release. Three out of five members of the state-owned firm’s board of directors were dismissed including Czech Airlines CEO Philippe Moreels. Meanwhile, five out of seven members of company’s supervisory board were also replaced; among its new members is the economist and former presidential candidate Jan Švejnar. The ministry said the changed were implemented to better prepare the company, with its subsidiaries Czech Airlines and Prague Václav Havel Airport, for its public listing in the future.