Board of Directors

Markus Kaune

Markus Kaune – Chairman of the Board of Directors and Chief Executive Officer of VSE Holding a.s.

Education: Markus Kaune is a graduate of the Faculty of Law at the Ruhruniversität University in Bochum, Germany, and the Rijksuniversiteit in Leiden, the Netherlands, and has passed the bar exam.

Professional experience: In 2001, he was working he as a lawyer at E.ON Energie AG Munich in the Legal Services, Acquisitions and Mergers (M&A) Division, where he worked until 2005. During his work in this position, he was a member of the project team, 2003 and 2004, which was involved in the process of integration after acquiring a share in ZSE.

He spent the period between 2005 and 2008 abroad, specifically at E.ON Bulgaria EAD, in Varna and Sofia, where he held the position of Executive Vice President for central functions. From 2008 to 2011, he again worked in Germany as Vice President for Portfolio Development and Central and Eastern Europe at E.ON Energie AG in Munich.

In 2011, he became Vice President of Energy Networks at E.ON SE in Düsseldorf and Essen, and in 2017 he became Executive Vice President of Energy Networks at E.ON SE in Essen. In addition to executive positions, Markus Kaune also served as a member of the Supervisory Boards of E.ON Bulgaria EAD, E.ON Bulgaria AD Distribution, E.ON Bulgaria Sales AD, as well as the Supervisory Board of ZSE (2016-2020).

On September 1, 2020, he became Chairman of the Board of Directors at VSE Holding.

Marian Rusko

Marian Rusko – member of the Board of Directors

Education: Marian Rusko is a graduate of the Faculty of Economics at the University of Giessen in Germany.

Professional experience: After graduating, he first worked in the banking sector, then in 1998 he joined E.ON, where he started as a project specialist. After 7 years in this position, he became the head of the Asset Operation Department within the E.ON Česká republika, s.r.o .

Also within E.ON Czech Republic, s.r.o., from 2008 to 2013, as the director and CFO he led the company E.ON Trend, s.r.o. which focused on the production of electricity and heat.

Since July 2013, he has been a member of the Board of Directors of Západoslovenská energetika, a.s. (ZSE). In 2013, he became a member of the Supervisory Board of the largest distribution company in Slovakia, Západoslovenská distribučná, a.s. Both companies are members of the EON group.

In the companies of the ZSE Group, he is responsible for the distribution business, the Malženice Power Plant, the Operational Excellence program and IT.

On September 1, 2020, he became Member of the Board of Directors at VSE Holding.

Vladimír Dolný

Ing. Vladimír Dolný – Deputy Chairman

Education: Technical University in Košice, Faculty of Electrical Engineering

Professional experience: He has held management positions with several important companies. For many years he worked at the Tepláreň Košice, which he left as Deputy Chairman of the Board of Directors and Sales and Technology Director in 2006. The next six years he was Chairman of the Board of Directors and CEO of Košická energetická spoločnosť. In 2010 – 2012 he was also managing director of Econs, spol. s r.o. On July 1, 2012, he became Deputy Chairman of the Board of Directors at company.

Alena Rozsypalová

Alena Rozsypalová – member of the Board of Directors

Education: Mendel Agricultural and Forestry University in Brno, Faculty of Economics, study programme: manager – economist, qualification – Engineer in Economics

Professional experience: She started her career as an audit assistant – supervisor at KPMG CZ where she was responsible for audit of statutory accounts and audit of the reporting packages CZ GAAP, IFRS and US GAAP. From 2005 to 2006, she worked in Jihomoravská plynárenská, a.s. as the Head of Controlling. From there she moved to RWE Distribuční služby s.r.o where she was holding the position of a finance manager. In 2009, she became the Head of Controlling. Her major achievement at this position was optimization and automation of controlling processes resulting in 15% efficiency improvements in Controlling. Six years later, she was assigned the position of a project manager in Lean Transformation and Operational excellence. On 1st August 2016, she became the CFO at VSE Holding and a member of the Board of Directors. Furthermore, she is also a member of the management at innogy South East Europe.

Miroslav Baláž

Ing. Miroslav Baláž – member of the Board of Directors

Education: Economy University in Bratislava

Professional experience: Since the beginning of his career, he has been interested in the area of financial consulting and auditing activities. He is a certified auditor – holder of the Certificate authorizing to auditing performance. In the years 2008 through 2012, he performed the function of the Financial Director in a company belonging to the international holding Auto Palace Group. Since 2009, he has been the owner and executive manager of the company VELOX, s.r.o. The company is engaged in the auditing, accounting and tax-consulting activities. On June 12. 2019, he become a member of the Board of Directors of Východoslovenská energetika Holding a.s.


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