The largest environmental management and recycling group in the Baltics, AS Eco Baltia, has appointed Jiří Novák as the Managing Director for its subsidiary company in the Czech Republic, TESIL Fibres, starting from March 1st this year. To strengthen corporate governance, changes have been made to the company’s Articles of Association to establish four-member Supervisory Board of TESIL Fibres.
The newly established Supervisory Board of TESIL Fibres includes Salvis Lapiņš as Chairman, Māris Simanovičs as Deputy Chairman, and Justas Bučelis and Matīss Leitis as members. All Supervisory Board members represent the shareholders of the company. S.Lapiņš is the Chairman of the Board at TESIL Fibres parent company PET Baltija, M.Simanovičs is the Chairman of the Board at Eco Baltia, J.Bučelis is Senior Associate at INVL Baltic Sea Growth Fund, while M.Leitis is the Board Member and CFO at PET Baltija.
“We are delighted to welcome Jiří Novák as the new CEO of TESIL Fibres. He brings with him impressive experience and expertise in manufacturing and business management, which will be invaluable to strengthen TESIL Fibres production capacity and expansion into new markets. Only six months ago PET Baltija completed acquisition of the TESIL Fibres and this was busy period for all the team to ensure smooth transition process. By strengthening the management team and corporate governance structure we aim to improve business performance in more strategic way to cope with market situation, as well as challenges coming together with our company growth ambitions and take advantage of opportunities arising from the shift toward a circular economy,” says Chairman of the Board at Eco Baltia and Deputy Chairman of the Supervisory Board at TESIL Fibres Māris Simanovičs.
J. Novák is experienced professional in manufacturing and engineering, having worked in various leadership roles for over 30 years. He holds a degree in Machine Building from the University of Mechanical and Electrical Engineering in Plzen, Czech Republic. Prior to joining TESIL Fibres, Novák served as the plant director at HOCHTIEF Plc from 2021 to 2023. Before that, he was the Managing Director and CEO at Linberg Ltd. from 2016 to 2021. He has also held senior management roles in MABA Prefa Ltd., MABA Eurobeton Ltd., ACO Industries Tábor Ltd. and at Jihotvar.
J. Novák said: “I am excited to join TESIL Fibres and Eco Baltia at such an exciting and challenging time. One of my key focusses will be to conclude the transition and integration process in Eco Baltia group and ensure that company achieves business goals, greater results and improves profitability. Likewise, the strategic task is to increase production of TESIL Fibres to full capacity and expand in the new markets to bring more value to our customers, employees, shareholders and also society.”
Changes in the TESIL Fibres management team are registered in the Czech Commercial Register on March 22.
