Tatra Trucks strongly objects to the statements contained in the press release issued by minority shareholder Promet Group, which attempts to undermine confidence in the company’s current leadership, its strategic decisions, and its financial performance.
Tatra’s management is stable, fully competent, and stands firmly behind the steps that have led to significant growth in production and financial results. Year-over-year, the company has increased its production volume by more than 20%, and it intends to continue this growth trend through planned investments in technology and production capacity. Any attempts by minority shareholder Promet Tools to challenge these steps are seen as intentional and damaging.
“We reject the claim that trust in the senior management of Tatra Trucks has been lost. We are concerned that Promet Tools - as a minority shareholder - repeatedly questions strategic decisions that have contributed to the company’s growth, and does so without any factual basis,” said Tatra Trucks CEO Kristijan Fiket.
Company’s Commercial Management Has Always Fully Complied with the Law
One of Promet Group’s claims is the alleged overstepping of the board’s authority in a business decision related to changing the supply chain. Tatra Trucks categorically denies this claim. The board’s decision was fully within the legal scope of its authority as defined by law.
“The Board of Directors of Tatra Trucks unequivocally and firmly rejects the notion that it exceeded its powers in the business decision to change the supply chain. This matter clearly falls under what is known as the commercial management of the company. According to the Business Corporations Act, commercial management is the sole responsibility of the board. No one—not even the general meeting—has the right to issue instructions to the board regarding commercial management,” added CEO Fiket.
Tatra Leadership Acts Transparently and with Due Managerial Care
Tatra Trucks also strongly denies providing misleading information to the public or shareholders. All relevant data regarding the company’s status is disclosed in accordance with legal obligations, regularly verified by independent auditors, and will be presented at the general meeting.
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