Magyar Posta appoints new CEO

Deals

Wikimedia Commons

Andrea Bártfai-Mager, Hungaryʼs minister without portfolio in charge of managing state assets, has appointed György Schamschula CEO of state-owned postal company Magyar Posta, national news agency MTI reported Wednesday.   

Schamschula has more than 20 years of finance, banking and business management experience both in Hungary and abroad, the minister said in a statement. 

Schamschula worked in financial management in the United States between 2005 and 2012, first for Landmark Group, then for consultancy Deloitte. He oversaw the establishment of a capital financing program at Magyar Export-Import Bank from 2012 until 2017, and served as CEO of leasing company Takarék Lízing from September last year. 

Schamschula will replace Zoltán Illés, who is leaving his post by mutual consent.  

The minister acknowledged Illésʼs work to stabilize Magyar Postaʼs operation, make upgrades, and put the companyʼs package delivery business on the right track during his two years as CEO.

Farmgate Prices Fall 25.4% in February Crops

Farmgate Prices Fall 25.4% in February

Hungary in Talks on Attracting More Chinese Investments - Sz... Int’l Relations

Hungary in Talks on Attracting More Chinese Investments - Sz...

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Olympic Fest of Street Sports in Budapest Coming This June In Budapest

Olympic Fest of Street Sports in Budapest Coming This June

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.