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In winter of 2014 he was appointed again as a manager of FC Fastav Zlín, replacing Martin Pulpit. In his first season in Zlín, he achieved promotion to Czech First League. In the 2016/2017 season, Páník advanced with Zlín to the final of the Czech Football Cup, where Zlín beat SFC Opava, thus qualifying for the group stage of UEFA Europa League. For the first time in 47 years, FC Zlín qualified for European competitions. In February of the 2017/2018 season he was sacked from Zlín after unsatisfactory league results. In March 2018 he was hired by Baník Ostrava, replacing unsuccessful coach Radim Kučera. Managing Baník in the last ten matches of the 2017–18 season, he was able to avoid relegation.