Michal Strnad

Overview

Michal Strnad is the sole owner and chairman of the board at CSG, leading strategic direction and overseeing key acquisitions and corporate growth initiatives. Since January 2018, the owner of the Czechoslovak Group is Michal Strnad, the son of the founder, Jaroslav Strnad. Michal was born on Aug. 4, 1992 and has been active in the group since 2011. Under his leadership, what was once a primarily engineering-focused group has transformed into a diversified and globally operating holding, active chiefly in the automotive, railway, aerospace, and defense industries.

CSG employs over 14,000 people in the Czech Republic, India, Italy, Slovakia, Serbia, Spain, the United Kingdom, and the USA. Following the acquisitions of Fiocchi and the Kinetic Group, it has become the largest producer of small-caliber ammunition in the Western world. He holds a degree in economics from the University of Economics in Prague.

Career History

• 2011–2013: Various management positions across the rapidly growing CSG Group
• 2013: Chief Executive Officer
• 2015: Chairman of the Board of CSG
• 2018: Assumed ownership of the Group from his father
• 2018 onward: Owner and CEO, diversifying CSG through major acquisitions including aerospace, automotive, ammunition (Fiocchi 2022, The Kinetic Group 2024)

A major milestone in the Group's history was the acquisition of a majority stake in Tatra Trucks in 2013. Michal Strnad completed the largest transaction of his career to date in November 2024 with the acquisition of The Kinetic Group, which includes leading American ammunition manufacturers such as Federal and Remington. Another important milestone came in January 2026, when CSG's shares were admitted to trading on the regulated market of Euronext Amsterdam. In 2026, the company launched initial public offering of 15.2% of its stock at Euronext Amsterdam, raising 3.8 billion euros ($4.5 billion), which made it the world's largest defense IPO in history.

What Michal Strnad could bring to CSG as majority owner and chairman: Strnad's 15+ year tenure at CSG, combined with his documented strategic acumen in orchestrating the largest defense IPO in history, positions him to leverage operational efficiency and international market expertise to drive CSG's stated goal of becoming the second-largest European defense manufacturer by 2025. His proven track record of identifying undervalued assets, from Czech regional consolidation to high-profile U.S. ammunition manufacturers, demonstrates an ability to execute complex M&A strategies that create substantial shareholder value while maintaining entrepreneurial agility in volatile geopolitical markets.

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