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MOL chief gets state award

Hungarian President Pál Schmitt presented Zsolt Hernádi, chairman-CEO of oil and gas company MOL, the Hungarian Republic's Order of Merit, Middle Cross with Star at a ceremony in Parliament on Friday.

Hernádi was presented the state award in recognition of his efforts to diversify and make more secure energy supply in Hungary and all of Central and Eastern Europe, as well as for his work to structure the MOL Group's business model.

“I have been at the head of MOL for ten years, and I am proud that in the past decade MOL's market value has quintupled,” Hernádi told MTI. “Under my leadership, MOL has become the most efficient oil industry company in Europe and its economic role in the region has grown,” he added. (MTI - Econews)