DMD Holding management changed

Engineering firm and arms manufacturer DMD Holding changed its management structure at an April 19 shareholders meeting, but failed to give the state greater control over the key firm DMD Fin, which controls all of the most valuable properties in the DMD group. The FNM state privatisation agency holds a 41.4 per cent stake in DMD Holding, but the latter controls only 0.014 per cent of DMD Fin. Among the management changes, former board member Ivan Šubrt became president and Blažej Beňačka vice-president; two other board members who had also sat on the supervisory board of bankrupt PPS Detva were dismissed, apparently in consequence of their performance at PPS.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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