Pavel Tykac

Pavel Tykač is a prominent Czech entrepreneur and investor with extensive experience in the energy sector. He is the sole owner of Sev.en Energy Group, a major player in the Czech energy market. With an estimated wealth of US$1.03 billion, he is ranked as the fifth richest person in the Czech Republic according to Forbes 2015. Apart from his business endeavors, Tykač is also actively engaged in charity projects and provides support for the North Bohemian Region and the Pardubice Region.

After the Revolution, Tykač started his entrepreneurial career by selling computer technology. In the early 90s, he co-founded Vikomt company, which later became one of the top three companies in the market. He then sold his stake in Vikomt and used the proceeds to purchase Regiobanka in Karlovy Vary, which was later sold to IPB at a favorable price.

In 1995, Tykač participated in the creation of the free community of investors called Motoinvest. Through buying cheap shares after privatization, Motoinvest gained shares in several banks, investment funds, and major companies. However, the forced termination of their activities resulted in a rapid sale of assets by most participants.

After spending several years in seclusion, Tykač returned to the world of big business at the turn of the millennium. He engaged in share trades and currency rate movement speculations, focusing on companies like ČEZ and Telefónica.

In 2006, Tykač entered the energy sector by investing in a minority stake in Czech Coal. Over the years, he developed the company and invested in know-how, assets, and the energy market. In 2013, he acquired the Chvaletice Power Station, creating a new entity in the domestic energy market. In 2017, Czech Coal was rebranded as Sev.en Group, marking a commercially successful period with several major contracts. In 2018, Tykač expanded his presence in the European energy market through Sev.en Energy (SE) holding, focusing on innovative technologies and operating/innovating conventional resources.

Tykač obtained an engineer's degree from the Czech Technical University in Prague in 1987. Throughout his career, he had significant highlights, including importing and selling computer equipment, founding Vikomt company, acquiring and merging various companies, and expanding into foreign energy markets.

Tykač's involvement with CS Funds in the 1990s saw him acquiring CS Fund, an asset manager of three smaller investment funds. He divested himself of CS Fund just weeks before it was defrauded in 1997. Criminal proceedings against Tykač and others related to CS Funds were terminated in 2008, and further proceedings in 2013 ended without finding any evidence of his guilt.

In the energy sector, Tykač aggressively defended the price demands of Czech Coal and played a role in the cancellation of brown coal mining limits in North Bohemia. He also signed a 50-year contract for coal supply to the Počerady power plant, ending the "coal war" with the ČEZ group. Tykač terminated the coal supply contract to the Opatovice power plant in 2012, resulting in a conflict that was amicably settled in 2014. He also supported minority shareholder Jan Kroužecký in his conflict with majority shareholders of Sokolovská uhelná, leading to Kroužecký selling his shares to the company in 2015.

In addition to his business ventures, Tykač is actively involved in various charitable activities. He established the Women for Women foundation with his wife Ivana, which supports single mothers in need. He also supports programs such as "Lunch for Children" and the grant program "Chytré hlavy pro sever" for schools in the Most Region. Tykač collaborates with municipalities and supports community development near the coal mining area. Additionally, he contributes to the Most Black Angels handball team and has made significant donations to the neonatal department of the Most Hospital and Oxford University for Czech language and Czech studies.

In his personal life, Tykač is married to Ivana and they have eight children together. He currently resides in Switzerland and enjoys recreational tennis and badminton in Prague.