TEDOM to Be Newly Managed by Ladislav Zeman, Coming from the Management of the Global Otis Group

(Třebíč, August 28, 2023) Ladislav Zeman is to become the new Chief Executive Officer of TEDOM Group as of 1 September. Before joining Tedom, he worked in a top management position with the global Otis Group.

Ladislav Zeman will be the new head of TEDOM Group, a leading manufacturer of co-generation units and provider of energy services. He joins the Tedom Group with its 1,000 employees and revenues from sales of approximately CZK 6 billion from the management of the multinational mechanical engineering group Otis, a global manufacturer of elevators and escalators. He will replace Oldřich Šoba, Chairman of the Management Board of Tedom, who temporarily took over the management of the company after the departure of its former CEO, Vladimír Hlavinka, in May 2023.

"Although I have spent most of my professional life abroad, I know Tedom as a successful Czech company that managed to start from scratch and establish itself on foreign markets," said Ladislav Zeman. As the chief executive of Tedom, he wants to build on the work of his predecessors in this position: "It is mainly thanks to them that Tedom is now an ambitious company with a clear strategy, strong background and know-how, a capable team of people and, above all, excellent products and services that have the potential to contribute to the transition to a long-term sustainable economy. I want to contribute my experience to its further growth and build Tedom into a top international company.”

Zeman has spent the last 17 years in management positions at Otis in many different countries around the world. Most recently, seated in Dubai as Head of LEAP Transformation, he led the group's growth and strategic transformation in EMEA with revenues approaching USD 4 billion and 30 thousand employees. Previously, he was Director of Sales, Marketing & Communication for the MEECA (Middle East, Eastern Europe and Central Asia) region, ran the region of Ukraine and the CIS (Commonwealth of Independent Countries), and led Czech, Slovak and Ukrainian entities. In the past, he also worked in consultancy positions in PwC and the United Technologies Corporation.

The Brno native graduated from the Faculty of Economics and Administration at Masaryk University, and completed the Executive Programme at the prestigious grande école HEC in Paris. He speaks fluent English, German and Russian.  

About TEDOM Group:
TEDOM Group has its headquarters in Třebíč, from where their co-generation units have been exported all over the world for over 30 years.  The Group has four manufacturing plants in the Czech Republic and several international branches, with the most important one in Germany. Further members of the TEDOM Group are seated in Poland, the U.S.A., Kazakhstan and Slovakia. The whole TEDOM Group has over 900 employees and expects 2023 revenues of around CZK 6 billion. The principal shareholder of the Group is Jet Investment, a Czech-based investment company, supporting the Group with its Jet 2 Fund.
www.tedom.cz

About Jet Investment:
The Jet Investment, a.s. investment company, with four co-partners, Igor Fait, Lubor Turza, Libor Šparlinek and Marek Malík, manages assets in its Qualified Investor Funds, including as yet uncalled capital of CZK 12 billion. Since its establishment in 1997, the company has specialized in finding investment opportunities in medium-sized Central European companies in the manufacturing industry, considered promising in terms of their growth potential and return on investment. Since 2015, it has carried out its investment activities through Jet private equity funds (Jet 1, Jet 2 and Jet 3 funds), which are exclusively designed for qualified investors and are subject to regulation by the Czech National Bank. Currently, the investment company manages, through the Jet 1 and Jet 2 funds, major companies such as 2 JCP, TEDOM, TEDOM ENERGY, ROCKFIN, HOECKLE AUSTRIA, STROJÍRNY POLDI, KORDCARBON, FIBERPREG and EDS GROUP. It employs approximately 4,100 people in its portfolio companies.
Jet Industrial Lease (JIL), an industrial real estate investment fund, was established in 2021 to manage a portfolio of nine real estate projects in Germany, the Czech Republic and Poland.
www.jetinvestment.cz