MOLʼs Hernádi set to head Corvinus University foundation

Initiatives

Minister for Innovation and Technology László Palkovics said Wednesday he has asked MOL Chairman-CEO Zsolt Hernádi to act as chairman of the board of trustees of the future foundation set to take over the assets and operation of Corvinus University of Budapest, state news wire MTI reported.

The government announced plans in February to place the universityʼs assets into the foundation, as well as 10% state-owned stakes in oil and gas company MOL and drugmaker Richter. Palkovics announced he will submit the founding document of the Maecenas Universitatis Corvini Foundation to the court of registry.

Members of the board of trustees will be the businessman and professor János Csák, a former MOL chairman; Corvinus rector András Lánczi; lawyer, professor and former Fidesz foreign minister János Martonyi; and Dániel Palotai, executive director of the National Bank of Hungary.

The supervisory board will include jurist Béla Bártfai, CEO of the Hungarian Hydrocarbon Stockpiling Association (MSZKSZ); Attila Chikán, professor emeritus, former Corvinus rector, and a former economy minister under the first Orbán government; and Levente Jánoskuti, head of office and partner at McKinsey & Company.

Palkovics said that if the transformation of Corvinus University is a success it could act as a model for other universities. Lawmakers voted in April to hand over the operation and assets of the university to the foundation from July 1.

In January, it was reported that the Budapest University of Technology and Economics (BME) and MOL concluded a strategic agreement on cooperation, opening the way to innovative research and a constant supply of professionals.

Serbia Inflation Close to 3-year Low in May Figures

Serbia Inflation Close to 3-year Low in May

Karácsony Calls for Budapest Mayoral Election Repeat Elections

Karácsony Calls for Budapest Mayoral Election Repeat

2 Major Ground Handlers at Budapest Airport Join Forces Transport

2 Major Ground Handlers at Budapest Airport Join Forces

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

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.