30 May 2018

György Mosonyi, Chairman of MOL’s Supervisory Board Has Passed Away

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.