Magyar Telekom stock gets CEO extension through 2030

Magyar Telekom will keep Tibor Rékasi as chief executive through June 30, 2030, while creating a standalone IT unit under Gergely Takács from January 1, 2027. The company presented the personnel decisions on Tuesday, November 10, 2026, in its investor-relations communication.

Continuity At The Top

The board extended Rékasi's appointment beyond the term that was due to expire in 2027. He has led Magyar Telekom since 2018, and the extension preserves continuity as the telecommunications group works through its investment and operating priorities.

The company's investor-relations announcement also sets out a new senior-management structure for technology. Takács will become chief information officer and take responsibility for the independent IT area at the start of 2027.

IT Moves Higher On The Agenda

The reorganization gives IT dedicated top-management oversight at a time when digitalization and artificial intelligence are reshaping telecommunications. For investors, the decision points to a stronger strategic focus on technology execution, while the CEO extension reduces near-term leadership uncertainty.

The new structure follows Magyar Telekom's third-quarter update on November 4. The previous report highlighted stronger operating growth but weaker nine-month free cash flow, leaving investment, working capital and cash conversion as important financial considerations.

Magyar Telekom stock traded at 8.03 euros on Lang & Schwarz at 17:41 CET on Tuesday, November 10, 2026.

Hungarian equities trade within the broader BUX market environment.

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