Change in Magyar Telekom Group s top management

Change in Magyar Telekom Group's top management

Budapest, September 20, 2013 13:35

R bert Budafoki, the company's Chief Commercial Officer Enterprise and T-Systems Hungary Ltd. Co.'s Chief Executive Officer shall depart from both of his positions with effect from September 30, 2013. Tibor R kasi shall take over the Chief Executive Officer position of T-Systems and the Chief Commercial Officer Enterprise position of Magyar Telekom.

R bert Budafoki was appointed Magyar Telekom's Chief Officer and head of Enterprise Services with effect from June 01, 2011. From April 01, 2012 he assumed the CEO position of T-Systems Hungary, then from January 01, 2013 the Chief Commercial Officer Enterprise position of Magyar Telekom.

T-Systems Hungary Ltd. Co., an affiliate fully owned by Magyar Telekom has undergone significant transformation during the last two and a half years and, as a result, it is now a market leader ICT service provider offering a full range of solutions in the industry. Following the good financials of last year, T-Systems achieved a 4.7% increase in revenues in the first half of 2013, compared to the previous year, and the Company's EBITDA exceeded the planned level in the first half year, too.R bert has played a major role in positioning T-Systems Hungary in the state administration and enterprise segments, as well as in elaborating and launching the company's forward looking strategy, which puts customer demand in the focus. I would like to express my appreciation for the work R bert has performed, which has contributed to the company's success. I also wish him all the best with his future endeavors, said Magyar Telekom's CEO, Christopher Mattheisen.

I will always look back upon the years spent at Magyar Telekom with pride, as I have had the opportunity to contribute to achievements that benefited all concerned parties, including the customers, the mother company and the people working for T-Systems Hungary alike. At the same time, we would have never been able to unify the Enterprise Services Business Unit, establish its united image and prepare the company for the challenges of the future without the expertise and openness of my colleagues, said R bert Budafoki.

Tibor R kasi graduated at the Foreign Trade College of Budapest. His former workplaces include Integra LLC, Unisys Hungary and Cisco Systems Hungary. He joined Magyar Telekom Group on September 15, 2008, assuming the Managing Director position of IQSYS Ltd. Co., an affiliate of the Enterprise Services Business Unit, where he simultaneously worked as Commercial Director. Between December 2010 and May 2011, he also acted temporarily as Head of Magyar Telekom Plc.'s Enterprise Services Business Unit, while continuing his work as Managing Director of IQSYS Ltd. Co. As his predecessor, he shall also be a member of Magyar Telekom Plc.'s Management Committee.

About Magyar Telekom

A Magyar Telekom (www.telekom.hu) is the principal provider of telecom services in Hungary. It provides a full range of telecommunications and ICT services including fixed line and mobile telephony, data transmission and non-voice as well as IT and systems integration services. Magyar Telekom is the majority owner of Makedonski Telekom, the leading fixed line and mobile operator in Macedonia, it holds a majority stake in Crnogorski Telekom, the leading telecommunications operator in Montenegro, and as an alternative operator it is also present in the telecommunications markets of Bulgaria and Romania.

About T-Systems Hungary

Being a 100%-owned subsidiary of Magyar Telekom, T-Systems Hungary Ltd. Co. provides large corporations, the public sector and institutions comprehensive telecommunication and IT infrastructure and application development services as well as system integration services that are indispensable for their everyday operation. With more than 1800 employees and 1700 supplier partners, the new, integrated T-Systems Hungary Ltd., established in early October 2012, is Hungary's pivotal ICT service provider. The expertise and experience amassed by the company has a history of several decades.

For further information, please visit the company's official site at www.t-systems.hu

LINK:	http://www.telekom.hu/press_room/press_releases/2013/september_20...
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