Magyar Telekom stock keeps CEO Rékasi through June 2030

Published on 11/13/2026 at 12:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Magyar Telekom stock will keep Tibor Rékasi as chief executive. A new IT unit will put technology under dedicated senior management from January.

Leadership continuity and technology focus

Magyar Telekom will keep Tibor Rékasi as chief executive while elevating IT leadership.
Gergely Takács will lead the new IT unit from January 2027 after more than 25 years in telecommunications.
The company says its fixed network reaches more than 4.3 million homes and businesses, while 5G covers more than 95 percent of Hungary's population.

Magyar Telekom, HU0000073507, Illustration mit AI erstellt.

Magyar Telekom announced on Tuesday, November 10, 2026, that Tibor Rékasi will remain chief executive until June 30, 2030. The company also plans a new IT unit led by Gergely Takács as chief information officer from January 1, 2027, according to the Magyar Telekom investor release.

Leadership continuity and IT focus

Rékasi joined Magyar Telekom Group 18 years ago and has served as CEO since 2018. The extension gives the telecommunications provider continuity at the top as it continues to manage network investment, digital services and operating priorities.

The board's second decision moves the IT function into a dedicated senior-management structure. The company said global digitalization and the growing importance of artificial intelligence require a new phase of transformation, with technology receiving direct top-management attention.

New technology leadership

Takács will take charge of the new IT unit on January 1, 2027. Magyar Telekom said he 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 overseen the strategic transformation and modernization of its IT infrastructure.

For investors, the personnel decisions combine management stability with a structural focus on technology. The practical contribution to growth, customer services and efficiency will depend on how the new unit supports the company's broader transformation plans after it begins work.

Magyar Telekom stock traded at 8.21 euros on Lang & Schwarz at 12:12 CET on Friday, November 13.