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Ing. Martin Novák graduated from the University of Economics in Prague, Faculty of International Relations. He also completed the Executive Master of Business Administration Program (MBA) at the KATZ School of Business, University of Pittsburgh, with a focus on energy. He started his career as a tax consultant at Price Waterhouse in 1994. From there he moved to Česká rafinérská, where he worked in 1996–2001. For the next 5 years, he worked at Conoco in Houston, ConocoPhillips in London and ConocoPhillips in Prague.

He has been working in the ÄŒEZ Group since 2006. Since January 1, 2008, he has been the Director of the Finance Division of the ÄŒEZ Group, and from October 2011 to December 2019 he was also the Deputy Chairman of the Board of Directors of ÄŒEZ, a. s. services and speed up the reporting of results for the external market.