Prague-based Colt CZ Group SE appointed Martin Durčák as a member of its Board of Directors of Colt CZ. Durčák will be responsible for business development in strategic areas beyond the group’s core product portfolio of firearms, small-caliber ammunition, and energetics.
Between 2019 to 2026, Durčák’s served as CEO of ČEPS, the Czech electricity transmission system operator. Earlier in his career, he held various senior executive roles, including as a member of the Board of Directors of Unipetrol or executive and board positions at Benzina, Aral, and other international energy companies. He also served on supervisory boards of several companies, including NET4GAS and Gas Storage.
Radek Musil, CEO of Colt CZ Group, said, “We are excited about Mr. Durčák joining our Board of Directors. He brings more than 25 years of senior executive experience across energy, industrial, and infrastructure sectors. Mr. Durčák will be responsible for business development in strategic areas beyond the Group’s current core scope of small arms, small-caliber ammunition, and energetics, including mid- and large-caliber ammunition and new technologies such as UAV systems. This supports our ambition to further broaden our product portfolio and strengthen our position in the global defense and security market.”
Colt CZ’s brands include Colt, CZ (Česká zbrojovka), Colt Canada, Colt Optics, Dan Wesson, Sellier & Bellot, Spuhr, swissAA and 4M Tactical. The company is also active in the production of energetic nitrocellulose through Synthesia Nitrocellulose, in which it holds a 51 percent stake.
Photo courtesy Colt CZ
