Press Releases

Budapest, May 23, 2007 14:00

Magyar Telekom, the majority owner of Crnogorski Telekom, decided to propose to Crnogorski Telekom’s next General Meeting the election of Dániel Szász, the CFO of T-Online Hungary, as successor of Bence Makai who decided to leave the company.

Bence Makai, Chairman of Crnogorski Telekom's Board of Directors decided not to extend his contract after the approval of the 2006 financial statements. During his mandate, among others, the company's first SOX audit succeeded at the end of 2006, the "T" brand was successfully implemented to the Montenegrin telecommunications market and the basis for nationwide rollout of broadband connections as well as for the introduction of 3G mobile services was established. The next General Meeting of Crnogorski Telekom, Montenegro's leading telecommunications company, will elect the successor of Mr. Makai in the Board of Directors. Magyar Telekom as the majority owner of Crnogorski Telekom decided to propose to the company's General Meeting the election of Dániel Szász, the CFO of T-Online Hungary.

Dániel Szász, 35, holds a degree in economics. He started his career at the General Motors Group where he worked from 1994 in various management and financial executive positions at Opel companies in Hungary and Germany. From 2002 he was Executive Director of GM Daewoo Central and Eastern Europe.

He was appointed CFO of T-Online Hungary (formerly Axelero) as of January 1, 2004. Since that time he has added to his financial skills with substantial professional experience in telecommunications market and company management. As a result of his financial management work the profitability of Hungary's leading Internet service provider has been continuously improving since 2004. Dániel Szász contributed to the fast spread of broadband Internet, one of the most dynamically growing business areas of the Magyar Telekom Group, and he also played a key role in [origo] Internet portal's reaching and maintaining a market leadership position as well as in the latest acquisitions carried out by T-Online Hungary (iWiW social portal, Adnetwork online marketing services).