Press Releases

Budapest, May 19, 2004 18:00

Matáv announces that in its meeting today, the Matáv Board of Directors re-elected Mr. Elek Straub for the position of Chairman (as reported earlier, on April 28, 2004 the Annual General Meeting of Matáv elected Mr. Elek Straub to the Board of Directors until May 31, 2007). The Matáv Board of Directors - highly appreciating his management performance - also made a decision to extend Mr. Elek Straub’s CEO post to June 30, 2008, so he continues his work in the future as the Chairman/CEO of Matáv.

Mr. Elek Straub and the company managed by him received a number of professional and social awards during the past years. In 1999, Mr. Straub received the Hungarian "Manager of the Year" award, and in 2002 the international "CEO of the Year" award. On May 15, 2003 Mr. Elek Straub was elected chairman of the German-Hungarian Chamber of Industry and Commerce for two years. In April 2004, he was awarded the "1st Class Cross of Distinction of the Order of German Federal Republic".

The Matáv Board of Directors also made a decision today about the termination of the position of Matáv's Chief Strategy and International Officer on May 31, 2004. In the future, the Central Strategy Organization of the Matáv Group will operate under the direct control of the CEO. From June 1, 2004 the current acting Chief Officer, Mr. András Balogh will be the head of the Central Strategy Organization of the Matáv Group for an indefinite period. His area of responsibility and scope of authority will remain the same.