Board of Directors

ZSOLT HERNÁDI

MOL Group positions:

• Chairman of the Board of Directors since 7 July 2000
• Chairman & Chief Executive Officer since 11 June 2001
• Member of the Board since 24 February 1999
• Member of the Corporate Governance and Remuneration Committee

Between 1989 and 1994 Mr. Hernádi occupied various posts at the Kereskedelmi és Hitelbank Plc. and between 1992 and 1994 he was its Deputy General Manager. Mr. Hernádi was Chief Executive Officer of the Central Bank of Hungarian Savings Cooperatives between 1994 and 2001 and member of its Board of Directors between 1994 and 2002. Between 1995 and 2001, Mr. Hernádi was a Board member of the Hungarian Banking Association. Since 2001, he is member of the European Round Table of Industrialists. Since 2007 he has become honorary citizen of Esztergom, and since September, 2009 he has become the honorary citizen of the Corvinus University of Budapest. In 2010 he has been honoured with the Hungarian Order of Merit – Commander with Star Award. Since March, 2016 he has become honorary citizen of Százhalombatta. In 2017 he has been appointed as a member of the National Competitiveness Council. In 2018 he has got the Titular University Professor title from Corvinus University of Budapest. In 2019, he became honorary citizen of Miskolc and was elected Chairman of the Board of Trustees of the Maecenas Universitatis Corvini Foundation, the controlling entity of Corvinus University of Budapest.

DR. SÁNDOR CSÁNYI

MOL Group positions:

• Member of the Board of Directors since 20 October 2000 and Deputy Chairman since 2001

• Chairman of the Corporate Governance and Remuneration Committee

Specialising in finance at university, where he also took a doctorate, he later became a chartered accountant and his first job was at the Ministry of Finance. He also worked for the Ministry of Food and Agriculture and at the Hungarian Credit Bank. From 1989 to 1992, he was Deputy Chief Executive Officer of the Commercial & Credit Bank (K&H), and since 1992, he has been the Chairman and & Chief Executive Officer of OTP Bank Plc. On 15 April 2016, the annual shareholders meeting re-elected him for another five-year term as Chairman and Chief Executive Officer of OTP Bank Plc. He is Co-Chairman of the National Association of Entrepreneurs and Employers (VOSZ). He is a member of the Institut International d’ Études Bancaires. In January 2012, he was elected the Co-Chairman of the Chinese-Hungarian Business Council. Since July 2010, he is the President of the Hungarian Football Federation. Since March 2015, he has been a member of UEFA’s Executive Committee. Since April 2017 he has been a member of FIFA’s Council. In February 2018 he was elected Vice President of FIFA and in February 2019 Vice President of UEFA.

TALAL AL AWFI

MOL Group positions:

• Member of the Board of Directors since 30 April 2019

• Member of the Finance and Risk Management Committee

Mr. Talal Al Awfi studied Business and Finance (BSc) in addition to his Master’s Degree in Marketing (MSc) from Salford University, United Kingdom. He has over 20 years experience in oil, gas and petrochemical marketing and trading. He has held several key positions in both the government and private sectors, and is currently the Group CEO of OQ. He has been an active Board member of several companies covering diverse fields in the oil industry in the past and present.

Dr. György Bacsa

MOL Group positions:

• MOL Hungary COO since 2022
• Group Strategic Operations and Corporate Development EVP
• Member of the Management Committee since 2021
• Member of the Board of Directors since 2021

He started his career as a Corporate Legal Counsel. After spending two years in INA d.d., he became the leader of the Mergers and Acquisitions team upon his return. Since 2011 he has been leading MOL Group’s major M&A projects including, but not limited to, the ENI acquisition in five CEE countries, the Exploration&Production project in Azerbaijan and further business development projects at a large scale. The Group Strategic Operations and Corporate Development organization under his leadership is responsible for coordinating M&A, corporate strategy, project evaluation, macro and industrial analysis, ESG coorindation, legal, regulatory and public affairs, IR, corporate governance and audit related activities as well as investments related to venture capital platforms.

Since 2013, he has been a member of the Board of Directors of the Budapest Stock Exchange, and he is also a Board and investment committee member of several reputable fund and asset management companies, such as Lead Ventures. He is a Member of the Board of Directors of Alteo Plc. since 2023.

He holds degrees in law and economics from Eötvös Loránd University and Corvinus University in Budapest, from University of Heidelberg in Germany and the American Duke University and is admitted to the New York Bar and the MKIK Arbitration Register. Furthermore he is a curating member of MOL New Europe Foundation, the Foundation For Civil Education, Culture and Science and the Maecenas Universitatis Corvini Foundation. In 2021 he was awarded with the yearly Award „For Hungarian Economy”.

Zsigmond Járai

MOL Group positions:

• Member of the Board of Directors from 29 April, 2010
• Chairman of the Finance and Risk Management Committee from 4 June, 2010

Mr. Járai has been working as a financial expert for many years. He has held various managerial positions in a Commercial Banks both in Hungary and abroad. He was serving as Chairman of Budapest Stock Exchange from 1996 to 1998. Between 1998 and 2000, he held the position of the Minister of Finance, and subsequently became the Chairman of the National Bank of Hungary from 2001 until 2007. As the founder of CIG Pannonia Life Insurance Ltd. in 2007, he was the Chairman of the Supervisory Board between 2007 and 2013. Since 2010, he has also been the Chairman of the Supervisory Board of the National Bank of Hungary.

Prof. JÁNOS MARTONYI

MOL Group positions:

• Member of the Board of Directors since 1 July 2014
• Member of the Corporate Governance and Remuneration Committee and the Sustainable Development Committee

Prof János Martonyi has finished his second term as Minister for Foreign Affairs of Hungary in 2014. From 1999 to 2009 he was a Professor and Head of the Institute for Private International Law and International Trade Law at the University of Szeged. Between 1994 and 1998 he was teaching at the College of Europe in Brugge and Natolin and the Central European University (Budapest). From 1994 to 1998 as well as from 2002 to 2009 he was managing partner at the law firm Baker & McKenzie, Budapest. He was government commissioner in charge of privatization in 1989-1990; he served as State Secretary in the Ministry of International Economic Relations in 1990-1991, as State Secretary at the Ministry of Foreign Affairs in 1991-1994 and Foreign Minister in 1998-2002.
He is a member of the European Academy of Sciences and Arts, he is an international arbitrator and member of the Panel of Arbitrators of ICSID (International Centre for Settlement of Investment Disputes), and author of numerous studies, articles and essays in the field of international trade law, competition policy and law, European integration and international politics.

JÓZSEF MOLNÁR

MOL Group positions:

• Group Chief Executive Officer since May 2011
• Member of the Board of Directors since 12 October, 2007
• Member of the Supervisory Board of INA d.d. since April 2010, and Vice Chairman of the same Board since December 2016
• Chairman of the Supervisory Board of FGSZ Zrt. since May 2011
• Member of the Finance and Risk Management Committee

From 1978 to 2001, Mr. Molnár held various management positions at BorsodChem Plc., including Head of the Pricing Department from 1982 to 1987 and Head of the Controlling Department from 1987 to 1991. Between 1991 and 2001, as Chief Financial Officer and first deputy to the Chief Executive Officer, he contributed to the crisis management and reorganisation of the company, and later to creating the Company's vision and fulfilling its subsequent privatisation. He played a key role in the stock exchange listing of BorsodChem shares. He was Chief Executive Officer of TVK between 2001 and 2003, Group Planning & Controlling Director from 2003, and from 2004 until his appointment as Group Chief Executive Officer in May 2011, he was Group Chief Financial Officer of MOL. Within MOL Group, he was a Board member of Slovnaft a. s. between 2004 and 2008, and Board member of TVK between 2001 and 2011.

DR. LÁSZLÓ PARRAGH

MOL Group positions:

• Member of the Board of Directors from 29 April, 2010
• Chairman of the Sustainable Development Committee
• Member of the Finance and Risk Management Committee since 20 February 2014

Since 1989, Dr. László Parragh has been the Chairman of Parragh Trade and Holding Ltd and, since 1993, he has also been a member of the Presidium of the Confederation of Hungarian Employers and Industrialists (MGYOSZ), and was Vice President between 1994 and 2000. He was Member of the Advisory Committee for Economic Affairs of the Prime Minister between 1998 and 2002 and since 2000, Dr. Parragh has also been President of the Hungarian Chamber of Commerce and Industry. Between 2003 and 2010, he was Vice President of GYSEV Plc and since 2009, he has been Chairman of KAVOSZ Venture Development Plc since 2009. In MOL, since 2010 he has been the member of the Board of Directors, since 2014 he has been the Chairman of the Sustainable Development Committee, and also since 2014 he has been the member of the Finance and Risk Management Committee. Between 2003 to 2011, he was Chairman of the Economic and Social Council and since 2011 he has been Chairman of the National Economic and Social Council. Between 2002-2010 he was a member of the Board of Directors at MEHIB Ltd, at EXIM Bank Plc and at GYESEV Plc. Between 2010 to 2011 he was a member of the Board of Directors of MALÉV. Since 2003 he has been Chairman of the Supervisory Board of KA-VOSZ Financial Services Trading Close Co. He has also been member of the State Reform Committee and member of the Board of Directors of MKB since 2014. He is Honorary Professor of the University of West Hungary and the Budapest Business School, where he is also a member of the Economic Council. He is President of the National Economic and Social Council’s Economic side. In December 2017, the Town of Sopron awarded him honorary citizenship.

DR. ANTHONY RADEV

MOL Group positions:

• Member of the Board of Directors since 30 April 2014
• Member of the Finance and Risk Management Committee since 30 May 2014
• Member of the Corporate Governance and Remuneration Committee since 30 May 2014

Dr. Anthony Radev was a Director of McKinsey & Company for over 22 years. Joining the Firm in 1991 in Germany, he was one of the founding partners of the Eastern European branch in 1993. He personally opened up the McKinsey offices in Budapest (1995), Zagreb (2003), Sofia (2005) and Bucharest (2008). He also led the Eastern European offices of McKinsey Financial Institutions Practice. With McKinsey, Anthony has completed a vast number of engagements in almost all sectors of the economy and the public sector – from financial institutions through service - to manufacturing industries. He was the founding director of the School for Executive Education and Development (SEED) Business School in Budapest, serving until 2019. Since its founding in 2014, SEED has developed into a high performing complex business education institution. Since 2019, he has been the President of Corvinus University of Budapest, leading the transformation of the University. He is a citizen of Hungary, Germany and Bulgaria.

DR. MARTIN ROMAN

MOL Group positions:

• Member of the Board of Directors from 29 April, 2010
• Member of the Corporate Governance and Remuneration Committee

Martin Roman started his professional career as a sales director of the Czech branch of Wolf Bergstrasse. In 1994, he became CEO of Janka Radotín, where he was appointed Chairman of the Board after the entry of a strategic partner, the US Company LENNOX. Between 2000 and 2004, he restructured a traditional Czech mechanical engineering company, becoming Chairman and Chief Executive Officer of the new ŠKODA HOLDING. From February 2004 until mid-September 2011, Mr. Roman was the Chairman of the Board and CEO of ČEZ. From mid-September 2011 until October 2013, Mr. Roman was Chairman of the Supervisory Board of ČEZ. Besides his board membership of MOL, he served as a member of the Supervisory Board of the Prague Stock Exchange between 2005 and 2015, as a member of the Supervisory Board of Czech Railways between 2007 and 2009 and as Vice President of the Confederation of Industry and Transport of the Czech Republic from 2007 to 2011. From 2010 until May 2014, he was a member of the Supervisory Board of the Vienna Insurance Group. In addition, Mr. Roman is a member of governing or supervisory bodies in several foundations and academic institutions. He is a Czech citizen.

Dr. OSZKÁR VILÁGI

MOL Group positions:

• Deputy Chief Executive Officer
• Member of the Board of Director since 1 May 2011
• Chairman of the Board of Directors and CEO of SLOVNAFT

JUDr. Oszkár Világi graduated from the Faculty of Law at the Comenius University of Bratislava in 1985 and achieved the academic title of D.C.L. Since 2002 he has been a member of the strategic partnership and integration team of Slovnaft and MOL. Before becoming a member of the Board of Directors in Slovnaft a.s. in 2005, he was member of its Supervisory Board. In March 2006, Mr. Világi was appointed as CEO of Slovnaft. In April 2010, he became Member of the Executive Board of MOL and since then he has held several various positions within MOL. Currently, he is Deputy Chief Executive Officer and Member of the Chief Executives’ Committee and of the Board of Directors (since 2011) of MOL. He is the President of the Slovak-Hungarian Chamber of Business and Industry founded in 2012 and also a member of the Slovak Chamber of Business and Industry. He became a member of the Board of Trustees at the Selye János University Komarno in November 2010 and from 2015 he is a member of the Board of Trustees at the Comenius University in Bratislava.