Magyar Telekom stock gets CEO extension through 2030

Magyar Telekom said on Tuesday, November 10, 2026, that the board extended Tibor Rékasi's appointment as chief executive officer through June 30, 2030. The company also decided to establish a standalone IT unit led by Gergely Takács as chief information officer from January 1, 2027, according to an investor release carried by Marketscreener.

Continuity Meets Technology Reorganization

Rékasi has served as Magyar Telekom's CEO since 2018. The company said his leadership has supported its position as an integrated digital service provider, with gigabit-capable fixed infrastructure reaching more than 4.3 million homes and businesses and population-based 5G coverage above 95% in Hungary.

Takács has more than 25 years of telecommunications experience and has held leadership roles at PANTEL, Vodafone Hungary and BT Global Services. He joined Magyar Telekom in 2016 and has been responsible for the strategic transformation and modernization of its IT infrastructure.

Board chair Daniel Daub said the leadership extension provides continuity while the new structure gives IT dedicated top-management attention. The announcement points to digitalization and the growing role of artificial intelligence as drivers of the next phase of transformation.

Investor Context And Next Steps

For investors, the decision preserves executive continuity while putting the company's technology function under a separate senior leader. The practical impact will depend on how the new unit supports operations, customer services and the rollout of digital products after it begins work in January.

Magyar Telekom stock traded at 8.05 euros on Lang & Schwarz at 11:42 CET on Tuesday, November 10, 2026.

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