07-06-2018

Péter Ratatics will be in charge of MOL’s Hungarian operations as COO

Péter Ratatics will be appointed MOL Hungary Chief Operating Officer (COO) as of 1 July 2018. In his new position, Mr. Ratatics will have control over the entire Hungarian operation of MOL and will also oversee the activities of MOL in Romania, Serbia and Slovenia. He will continue to hold his position as Executive Vice President for Consumer Services.

Péter Ratatics graduated from Corvinus University of Budapest, Faculty of Finance specialization in capital markets.

Mr. Ratatics held various leadership roles since he joined MOL Group in 2007. Among others, he was SVP of Corporate Centre being responsible for MOL Group's procurement, human resources and communications activities.

He is also a member of the INA Management Board since 2011 and the Vice-Chairman of the Supervisory Board of Natural Gas Transmission Ltd. (FGSZ Zrt.) since 2012.

Since 2016, he held the position of COO of Consumer Services.

Mr. Péter Ratatics became the Executive Vice President for Consumer Services and a member of the MOL Group Executive Board with effect of 15 February 2018. During his term Consumer Services posted impressive results, MOL Group now operates a network of more than 500 Fresh Corner service stations in the region, and the company launched its car sharing service, MOL Limo in January 2018.

Mr. Péter Ratatics will take over the position of Sándor Fasimon, after Mr. Fasimon will be appointed as President of the Management Board of INA as of 1 July 2018. Sandor Fasimon led MOL’s Hungarian operations since 2013. Mr. Fasimon remains a member of MOL’s Executive Board.