Colt CZ Group SE today announced changes in the company's top management. Effective January 1, 2025, the roles of Group CEO and Chairman of the Board of Directors, currently held by Jan Drahota, will be separated. Jan Drahota will continue as Chairman of the Board of Colt CZ, focusing on strategic development, growth opportunities, and achieving the Group's long-term goals and vision.

Radek Musil, the current CEO of Sellier & Bellot, will assume the position of CEO of Colt CZ. He will concentrate on the Group's executive management, implementing the business plan, and enhancing production and business operations. Mr. Vladimír Rada, currently the CFO of Sellier & Bellot, will oversee the management of Sellier & Bellot.

Jan Drahota commented on the changes: "Radek Musil has demonstrated exceptional leadership as CEO of Sellier & Bellot. His transition to leading the Group's executive management is a natural progression. I am confident that Radek's expertise will drive the continued organic growth of our core businesses and help us realize our vision of becoming the undisputed global leader in small arms."

Radek Musil expressed his thoughts on the appointment: "It is a significant responsibility to lead the Colt CZ Group and contribute to its next phase of development. I am grateful for the trust the Board of Directors and company owners have placed in me. Drawing on my 25 years of experience managing Sellier & Bellot and my market knowledge, I am committed to achieving the Group's objectives."

Radek Musil joined Sellier & Bellot in 1999, becoming its CEO and Chairman of the Board. Previously, he worked for the Czech company TON. He holds degrees from the Faculty of Nuclear and Physical Engineering at the Czech Technical University in Prague and the Thunderbird School of Global Management in Phoenix, USA.

About Colt CZ Group SE

Colt CZ Group SE is a leading global manufacturer of small arms and ammunition for armed forces, personal defense, hunting, sport shooting, and other commercial applications. Its products are marketed under renowned brands, including Colt, CZ (Česká zbrojovka), Colt Canada, Dan Wesson, Sellier & Bellot, swissAA, Spuhr, and 4M Systems. Headquartered in the Czech Republic, the Group employs over 3,600 people at manufacturing facilities in the Czech Republic, the United States, Canada, Sweden, Switzerland, and Hungary. Listed on the Prague Stock Exchange since 2020, the Group's majority shareholder is Česká zbrojovka Partners SE.