Home Latest Feeds Technology News Tibor Rékasi will remain as CEO of Magyar Telekom

Tibor Rékasi will remain as CEO of Magyar Telekom

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Tibor Rékasi will remain as CEO of Magyar Telekom

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He joined the Magyar Telekom Group 12 years ago as the managing director of IQSYS Zrt.

At its meeting on February 22, 2024, the Board of Directors of Magyar Telekom decided to extend Tibor Rékasi’s CEO contract. Tibor Rékasi was appointed CEO of Magyar Telekom in July 2018, which mandate was extended for another 3 years at the end of 2020. According to the current decision of the Board of Directors, Tibor Rékasi’s contract runs for another 3 years, until June 30, 2027.

Daniel Daub, Chairman of the Board of Directors, said in connection with the decision: “Since his appointment as CEO in 2018, Tibor Rékasi has set the company on a growth path and strengthened Telekom’s position in Hungary in all market segments. Under his leadership, customer satisfaction has increased and the value of the brand has increased, his personal vision is excellent supports the company’s strategic goal: the digitalization of Hungary.”

Tibor Rékasi joined the Magyar Telekom Group 12 years ago as the managing director of IQSYS Zrt., then he was the CEO of T-Systems Hungary between 2013 and 2017, after which he was appointed Deputy CEO of Magyar Telekom Residential Services, a position he held until 2018, when he was appointed CEO filled it.

Since 2018, Magyar Telekom has strengthened its role as a leading integrated service provider and maintains its strong position in the mobile, landline and TV market segments. Thanks to the intensive developments of recent years, Magyar Telekom now offers gigabit speeds to more than 3.6 million homes and businesses, and as part of its mobile network modernization program, it increased its outdoor 5G coverage to 65% in proportion to the population. In order to digitize Hungary and serve customer needs as fully as possible, the company has a wide range of services and products in the full range of telecommunications and information communication (ICT) services. In addition to commercial results and infrastructural developments, Magyar Telekom places great emphasis on being an attractive employer for all age groups (the company won the Most Attractive Workplace Award in the telecommunications sector for the sixth time in a row in 2023), while in line with its ESG strategy it is socially useful, sustainable continues to operate (Magyar Telekom is a member of the FTSE4Good Index and is in the top 1% of the international industry in terms of sustainability).

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