Magyar Telekom extends CEO Tibor Rékasi's term until 2030

The Board of Directors of Magyar Telekom has extended the contract of CEO Tibor Rékasi. While his current term is extended through June 2027, his new appointment is effective until June 30, 2030, marking his fourth three-year cycle at the helm.

Rékasi has served as CEO since 2018 and joined the group in 2008. The board cited the company's evolution into Hungary's leading digital service provider, noting its gigabit-capable wired network serving over 4.3 million homes and businesses, as well as 5G coverage exceeding 95 percent.

Additionally, the company is creating a new senior leadership position to elevate the strategic importance of IT. Effective January 1, 2027, Gergely Takács will become the Deputy IT CEO. Takács, who has over 25 years of telecommunications experience, has been leading the IT department since February 2025.