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    Jean-Pascal Duvieusart to join PPF Group Management Board

    PPF Group is pleased to announce that Jean-Pascal Duvieusart will join PPF Group as a member of the Board and a shareholder in January 2010.

    Jean-Pascal joins PPF from leading management consulting firm McKinsey & Company, where he most recently served as Managing Partner of the firm"s seven regional CEE and CIS offices, during which time he was based in Moscow. Before taking on this regional leadership, Jean-Pascal led the McKinsey"s office in Prague for 6 years. In a 17-year career at McKinsey, Jean-Pascal was a member of the firm"s banking and insurance practice, with experience in McKinsey"s New York and Brussels Offices as well as in the Czech Republic and Russia.

    Petr Kellner, PPF Group’s founder and majority shareholder, commented on Jean-Pascal"s appointment: "Jean-Pascal will bring outstanding value to the group with his wealth of expertise in banking and restructuring, his long experience in the region as well as his skills in organizational development. We are really happy that he is joining the PPF leadership team".

    Dominic Barton, Worldwide Managing Director of McKinsey & Company, said: "It"s with much sadness that we say farewell to Jean-Pascal Duvieusart. Jean-Pascal has been a great leader of McKinsey, building our practice in Central and Eastern Europe, supporting clients to achieve impact and helping develop a generation of our consultants across that region. We are tremendously excited for Jean-Pascal as he moves to this new opportunity as a one of the leaders of PPF, and wish him all the best for the future."

    Jean-Pascal lives in Moscow with his family, where he will continue to be based.

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