Supervisory Board

ZOLTÁN ÁLDOTT

MOL Group position:

• Chairman of the Supervisory Board of MOL since 25 June, 2018
• Chairman of the Supervisory Board of Slovnaft since 25 June, 2018

Between 1990 and 1991, Zoltán Áldott was an associate at Creditum Financial Consulting Ltd. Afterwards, between 1992 and 1995, he held various positions at Eurocorp Financial Consulting Ltd. From 1995 to 1997, he was the Manager of MOL’s Privatisation Department and from 1997 until 1999, he was Director of Capital Markets. In 1999, Mr. Áldott served as Director of Strategy & Business Development. From November 2000, he acted as Chief Strategy Officer and then, since June 2001, as Group Chief Strategy Officer. He was the Executive Vice President of MOL Exploration & Production Division between September 2004 and June 2011. Zoltán Áldott acted as the President of INA Management Board between 1 April 2010 and 31 May 2018. Since 2001 til 2018 May he was a member of the MOL EB. As the Chairman of the Supervisory Board he is a permanent invitee to Board of Directors, Remuneration and Risk Management Committee and Sustainable Development Committee meetings.

PÉTER BÍRÓ

MOL Group position:

• Member of the Supervisory Board and the Audit Committee of MOL Plc. since 1 May, 2023

Mr. Bíró is an economist, senior finance executive and US Certified Public Accountant. He earned his degrees at the University of British Columbia and at the Arnhem Business School, furthermore taught accounting, auditing and financial reporting MOL Plc. Annual General Meeting 2023 Documents classes in Vancouver, Canada. Mr. Bíró has several years of experience in Big Four accounting firms and gained experience in the Netherlands, Canada and the United States as well. Mr. Bíró served as Chief Financial Officer for the United Kingdom and Ireland branches for all Merck businesses and is currently the Chief Executive Officer of National Sports Agency of Hungary Non-Profit Co., Ltd. He speaks English, Dutch and German languages besides Hungarian.

DR. LAJOS DORKOTA

MOL Group position:

• Member of the Supervisory Board since 1 July, 2021

Mr. Dorkota obtained his law degree at the Janus Pannonius University of Pécs. After, while working as a lawyer, Mr. Dorkota had also been member of the General Assembly of Dunaújváros between 1990 and 2013, serving as deputy mayor for three years as well. From 1998 until 2013 Mr. Dorkota had been a member of the Hungarian National Assembly during which period he also led the Government Office of Fejér County for two years. After being appointed as President of the Hungarian Energy and Public Utility Regulatory Authority (MEKH) on 1 July 2013 - which position he held until 2020 - Mr. Dorkota resigned from his parliamentary seat.

PÉTER KADERJÁK

MOL Group position:

• Member of the Supervisory Board since 1 May, 2021

Mr. Kaderják graduated as an economist at the Budapest University of Economics where he also started his career as a research assistant, later becoming an assistant professor. In 1998, Mr. Kaderják was appointed as Chief of Staff to the Ministry of Economy. Mr. Kaderják has a leading role in the Hungarian energy market since the 2000s – between 2002 and 2003 acting as Chairman of the Hungarian Energy Authority, then leading the Regional Centre for Energy Policy Research (REKK) for fourteen years from its establishment. Between 2018 and 2021 Mr. Kaderják acted as the State Secretary for Energy and Climate Policy.

Mr. Kaderják has a unique experience in green economy and energy related topics with numerous scientific publications linked to his name.

DR. ANDRÁS LÁNCZI

• Member of the Supervisory Board of MOL Plc. since 12 April, 2018

Mr. Lánczi obtained his degree at ELTE Faculty of Humanities in English and History. Since 1991 he is a full time professor at several Hungarian and European universities. Currently Mr. Lánczi works as a Research Professor at Corvinus University of Budapest’s Institution of Political Sciences. His primary expertise is political philosophy, history of ideas of the Hungarian political thinking, furthermore the modern theories of democracy. So far Mr. Lánczi has been awarded with different significant scholarships, furthermore with Bibó István Prize (2003) and with the Gold Medal of the Corvinus University of Budapest (2009) among others.

IVAN MIKLOŠ

MOL Group position:

• Member of the Supervisory Board since 1 May, 2016
• Member of the Audit Committee since 1 May, 2017

Ivan Mikloš is former Deputy Prime Minister and Minister of Finance of the Slovak Republic (2002-2006, 2010-2012), Deputy Prime Minister for Economy (1998-2002), and Minister of Privatization (1991-1992). He co-founded and led the economic think tank MESA10 (1992-1998). Between 2006-2010 and 2012-2016, he was a Member of Parliament. In 2014, he was reappointed as the President of MESA10 and became a Member of the International Advisory Board of the National Reform Council of Ukraine and the platform VoxUkraine. During 2015-2016 he served as a Chief Advisor to the Minister of Finance of Ukraine and as an Advisor to the Minister of Economic Development and Trade of Ukraine. Since April 2016 until August 2019 he served as a Chief Economic Advisor to the Prime Minister of Ukraine. After the change of the government, from November 2019 until March 2020 he was in position of an Economic Advisor to the Prime Minister of Ukraine. Between 2016-2020 he chaired the Strategic Advisory Group for Support of Ukrainian Reforms (SAGSUR). He is also Co-Founder of the Ukrainian economic think tank Centre for Economic Strategy.

Ivan Mikloš was one of the leading figures of economic transformation in the Slovak Republic. He significantly contributed to the entry of the Slovak Republic into the OECD and instigated an extensive and effective tax reform. He led the government agenda on economic restructuring and fiscal consolidation. The second Dzurinda´s government (2002-2006) gained a very reformist reputation thanks to severe austerity measures and a comprehensive program of structural reforms (tax, social sector, pension, healthcare, public finance, labour market) backed by Ivan Mikloš. Thanks to these reforms, Slovakia was able to join the Eurozone in 2009. In 2004, he was awarded the title of ‘Best Minister of Finance of the Year’ by Euromoney, and ‘Top Business Reformer’ by the World Bank´s Doing Business report. Ivan Mikloš is the author of ‘Book of Reforms’ (2005), ‘Rewriting the Rule’ (2001) and dozens of studies and articles in the expert and popular press.

NORBERT IZER

• Member of the Supervisory Board since 15 July, 2022
• Member of the Audit Committee since 15 July, 2022

He graduated from the Budapest University of Economics and Public Administration in 2004. In addition to his qualifications as an accountant and tax advisor, he also obtained an international tax degree at the University of Leiden in 2010.

After the Raiffeisen Bank and the Budapest Stock Exchange, he worked as a tax advisor at PwC Magyarország Kft. for 12 years, and in August 2016 he was appointed as Deputy State Secretary for Tax Regulation and Accounting at the Ministry for National Economy. He manages the State Secretariat for Taxation in the Ministry of Finance as of May 2018.

DR. ANETT PANDURICS

MOL Group position:

• Deputy Chairperson of the Supervisory Board since 27 June 2022, member since 11 April 2019
• Chairperson of the Audit Committee since 27 June 2022, member since 11 April 2019

Dr. Anett Pandurics was the CEO and Chairman of the Board of Directors of the Hungarian Post Insurance and Life Insurance Ltd between 2005 and 2023. She holds degrees from the Faculty of Business Administration of Budapest University of Economic Sciences and a PhD from Corvinus University of Budapest in the field of strategic management. She was the elected President of Association of Hungarian Insurance Companies (MABISZ) between 2013 and 2022. She is a member of the Board of Gedeon Richter Plc. since 2018. Since 2023 August she is also member of the Supervisory Board of MVM Group. She has been granted with numerous awards, including Pro Universitas Prize, Pro Scientia Medal and Muzsay Géza Insurance Award. She is also active in the editorial boards of three academic journals and has a vast lecturing, teaching and mentoring experience in the last 20 years. She is married and has 2 children.

BÁLINT KIS

MOL Group position:

• Member of the Supervisory Board since 1 June, 2022, delegated by the employees

Bálint Kis joined MOL and its predecessor, NKFV in 1986. He worked in the oil industry for 32 years in various positions at Orosháza Hydrocarbon Production Plant at MOL's Kardoskút site. As a production foreman, shift foreman and processing master he was involved in the supervision of investments and construction works, in addition to the professional management of operations. He was heavily involved in the development, experimentation and application of some technological systems of underground gas storage. He graduated as a petroleum technician from the Vilmos Zsigmondy Petroleum Engineering Technical College, and via continuous trainings he holds pressure vessel inspector, pressure vessel operator and construction supervisor II qualifications, too. In addition to oil and gas production, pipeline transportation and distribution of hydrocarbons, operation of process systems, his main areas of expertise are the operation, management and organisation of underground gas storage facilities, planning and operation of hydrocarbon production and process control tasks. Co-author of a publication on the quantitative measurement of solids in gas reservoir well streams.

He is a trade union member and has been a member of MOL Plc. Works Council for several terms, since 2018 he is the Chairman and is the Chairman of the MOL Group European Works Council. He has received several oil industry and mining awards, including the Bronze Medal for the Hungarian Oil Industry, the Outstanding Miner Medal and the Borbála Medal. He is the Deputy Mayor of Kardoskút since 2018.

DR. SÁNDOR PUSKÁS

MOL Group position:

• Member of the Supervisory Board since 28 April, 2011, delegated by the employees

Dr. Puskás has been employed by MOL as a Petroleum Engineer, M.Sc., since 1985. Currently he holds a Technology Project Senior Engineer position at the MOL Group Oilfield Chemicals and Technologies. He has 34 years of experience as a field production engineer, field production head, research and development engineer, and as an R&D project manager in crude oil production and in oil field R&D.Dr. Puskás holds a Dipl. Eng. degree in petroleum engineering from Moscow State Gubkin Oil and Gas University and a Dr. Univ. degree in colloid chemistry from the József Attila University Szeged, Hungary. He holds a postgraduate degree in Research and Development Management and Human management from Budapest University of Economic Sciences and State Administration, Management Development Centre. Between 2005 and 2011, Dr. Puskás was a member and the chairman of the Audit Committee of Tempo Health Fund. He is the author and co-author of several domestic and international technical papers. He is member of the Hungarian Mining and Metallurgical Society and the Energy Management Scientific Association. He is member of the MOL Trade Union of Production Workers. He is a member of the Assembly of Delegates of TEMPO Health Fund.

KÁLMÁN SERFŐZŐ

MOL Group position:

• Member of the Supervisory Board since 1 June, 2022, delegated by the employees

Kálmán Serfőző joined MOL in 2012. He started working for the MOL Logistics Organisation, and later he worked for the MOL Petrochemicals Co ltd., as well. As a health and safety expert his main task was to support the safe operation of oil facilities. Later on, he worked as a Site Safety Supervisor in MOL's Polyol Project. Currently he works as a Process Safety Expert at MOL Upstream. He graduated from the National University of Public Service as a Defence Administration Officer, and then got a qualification as an Occupational Safety and Health Specialist at the Budapest University of Technology and Economics. He obtained his university degree at the Faculty of Earth Sciences and Engineering of the University of Miskolc as a Mining and Geotechnical Engineer. He has been a member of the Works Council of MOL Plc. since 2018, of which he is also the Vice Chairman since 2019. Since 2018, has been the member of the MOL Group European Works Council. He is also a Trade Union member, in 2021 he was elected the Vice-President of the MOL Chemist Trade Union.

ANDRÁS TÓTH

MOL Group position:

• Member of the Supervisory Board since 1 June, 2017, delegated by the employees

Mr. Toth has been employed by MOL as a Chemist-technician since 1984. During his employment he held various positions at the Danube Refinery, Engine Fuel Production MOL in Százhalombatta, Hungary. Currently he is an Operator Training Simulator trainer.He is shop steward of the MOL Oil Industry Trade Union.

IN MEMORIAM

Budapest, 30 May 2018 –MOL Group announces with great sadness that György Mosonyi, Chairman of MOL’s Supervisory Board, has passed away at the age 69, after a long struggle with severe illness, which he tolerated with dignity.

György Mosonyi started his professional career at MOL’s predecessor, ÁFOR. He joined Shell International Petroleum Co.’s representative office in Hungary as an expert in 1974, and in 1986 he became Director of Commerce. Between 1994 and 1999, he was Chairman and CEO of Shell Hungary Rt. He was appointed during his tenure in 1997 Chairman of Shell’s Central and Eastern European Region.

György Mosonyi joined MOL in 1999 as CEO and a member of the Board of Directors. The largest company headquartered in Hungary emerged as a true multinational player during his tenure as CEO until 2011. After stepping down from his position as CEO, he continued to participate in MOL's life with great vigour, helming the Supervisory Board as Chairman until his death.

With his passing, MOL Group, the Hungarian business community and the region’s energy industry have all lost a prominent figure. Mr. Mosonyi was also Chairman of the Hungarian Chamber of Commerce and Industry and held various positions in the presidium of the Hungarian Joint Venture Association. He was elected to be a member of Magyar Telekom Plc’s Board of Directors in April 2012.

Eulogy from Chairman-CEO Zsolt Hernádi

​"Gyuri. Far from being disrespectful, everyone called him this way. After all, he was the CEO of the largest company of Hungary for many years. But they called him Gyuri out of love.

Wherever he went, whoever he had a talk with, he was beloved. He was beloved in spite of the fact that our industry, oil, is not known for being a lovely one. Nonetheless, he had the ability to make himself loved with his rich black hair, dense moustache and waggish smile. And not only in Hungary. Many years ago, when I met the CEO of Shell, his first question was "How is George?". I was glad to let him know about the many things we had accomplished together in MOL, and then he told me with enthusiasm what a great colleague Gyuri was in Shell.

Then came the disease, the incurable disease that he bore with dignity and unprecedented composure, just the way he lived his whole life. Even this January, he was still confident that he would be alright, getting better all the time. This composure, this constructive thinking and optimism and the accompanying modesty made Gyuri and his lifework peerless.

He started his career in Áfor, predecessor of MOL in 1972. Two years later, he joined Shell, where climbing the rank of echelon he became the regional Chief Executive Officer of the oil industry giant. This is a great career especially for one starting out from Central Europe! He gained a lot of experience and knowledge noteworthy even on the international level – all on his own.

He was then lured over to MOL in 1999. I remember János Csák, President of MOL of that time, describing me the kind of person we need as a CEO: he needs to have tremendous knowledge, international experience, excellent leadership qualities, vitality and an approach of a reformer. I wished him good luck saying he could hardly find such person at home. Then came Gyuri.

With his perseverance, freshness and courage, he started to put the largest company of the country on a new course. It did need great courage to buy oil companies in Slovakia and Croatia in the beginning of the 2000's. It needed courage to carry out a huge refinery development program at a time, when everybody else was eager to get rid of the "old rust". And he was courageous enough to have bridgeheads erected from Pakistan through Oman to Iraq and Kurdistan as a company from Hungary. His leadership was indispensable for MOL to become what it is today: the leading industry company of Central Europe.

Gyuri believed that we are home in Hungary. He believed that we can grow really big as a Hungarian company, with the headquarters in Hungary. And he believed that we can become a truly multinational company with the knowledge and the innovative spirit we have.

He was aware that to be successful we need credible corporate values and corporate culture. And we also need leadership culture that guides and motivates us and teaches us how to take responsibility. He considered the training of our managers and recruitment especially important. He was professionally unchallengeable, tireless and tough, and a person who never forgot about credibility, honesty and the need for dialogue even in the toughest moments. He was trustworthy to the utmost degree. "Decency has become my family heritage" – he once said.

He has left us for good now, but his work, his example and memory has left an indelible mark on our company. His example will remain with us for many years to get lessons and inspiration from. We are now saying farewell to one of the great figures who shaped the transition to market economy in Central Europe.

May you rest in peace, Gyuri!"

The Eulogy was originally published in Hungarian weekly, Figyelő.