The Board of Directors of Magyar Telekom has decided to extend the current CEO Tibor Rékasi’s contract, which runs through the end of June 2027. This will enable Rékasi to begin a fourth three-year term leading the company on July 1, 2027. Rékasi’s appointment as CEO runs through June 30, 2030.

Rékasi Tibor joined Magyar Telekom Group in 2008 and has served as CEO since 2018. By extending the contract, the Board recognized the work of recent years, which has helped make Magyar Telekom Hungary’s leading digital services provider. Today, the company’s fixed network delivers gigabit-capable speeds to more than 4.3 million homes and businesses and the population-based 5G coverage is over 95%. The company will continue to focus on increasing customer satisfaction, continually enhancing its service portfolio, and expanding its fixed and mobile networks.

The Board also approved the creation of a new Chief Officer position. Effective January 1, 2027, Gergely Takács will become Magyar Telekom’s Chief Information Officer (CIO), adding a new senior executive to the company’s Leadership Squad. In February 2025, Gergely Takács took over leadership of the entire IT function at Magyar Telekom, reporting to Péter Nagy, CTIO. The Board’s decision changes this arrangement by creating a dedicated Chief Information Officer role and elevating IT to the strategic level. Before joining Magyar Telekom in September 2016, Gergely Takács gained professional experience at the former PanTel, Vodafone Hungary, and BT Group and has over 25 years of experience in the telecommunications industry overall.

Daniel Daub, Chair of the Board, commented on the decisions: "Under Tibor Rékasi’s leadership, Magyar Telekom has successfully navigated changing business environment. His strategic vision has helped to build a company with future-proof operations in the long term. At the same time, global trends, digitalization and the growing prominence of artificial intelligence require Magyar Telekom to enter a new phase of transformation. As part of this, the IT function will receive dedicated top management focus. I trust that, under Gergely Takács’s leadership, IT will continue to support the dynamic development of the Company’s operations as a key partner to every business area. I wish them both every success in their roles."