Magyar Telekom stock keeps CEO Rékasi through 2030

Magyar Telekom's board has extended CEO Tibor Rékasi's mandate through June 30, 2030, while reorganizing the company's technology leadership. The decisions were presented on Tuesday, November 10, according to Telecompaper.

Continuity at the top

Rékasi, who has led Magyar Telekom since July 2018, will receive an additional three-year term. The extension keeps the current chief executive in place beyond the mandate that was due to expire in 2027, giving the telecommunications group continuity as it works through its investment and operating priorities.

Technology gains senior focus

The board also approved a standalone IT area with a dedicated senior-management role. Gergely Takács will take responsibility for the unit as chief information officer from January 1, 2027. He has led Magyar Telekom's IT function since February 2025 and brings more than 25 years of telecommunications experience.

The reorganization puts technology operations closer to the center of the group's leadership structure. It also gives Magyar Telekom a clearer executive framework for digitalization and the growing role of artificial intelligence, without changing the company's chief executive.

Shareholder context

Magyar Telekom stock traded at 7.98 euros on Lang & Schwarz at 12:17:52 CET on Wednesday, November 11, 2026. The leadership decision is relevant to investors because it combines management continuity with a more distinct technology mandate. The next organizational milestone is the IT transition on January 1, 2027.

Hungarian equities are tracked through the BUX market.

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