Wabererʼs Chairman Gerard van Kesteren said Ziegler was the “clear choice to lead Waberer’s into the next phase of its development,” adding that he is “a highly experienced, results-oriented and high-integrity leader with an excellent track record in improving operational efficiency, implementing change and growing businesses.”

Lajkó will continue to be available to the company in an advisory capacity for a six-month transition period, according to the MTI report.

Wabererʼs shares started trading on the Budapest Stock Exchange in July 2017 at a little over HUF 5,000 per share. Last Thursday, the share price closed at HUF 2,230.