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Personnel change at MOL Group
MOL Hungarian Oil and Gas Company hereby announces that MOL and Slovnaft Board of Directors today acknowledged Mr. Ka¹¹ovic, the Slovnaft CEO and MOL Group’s integrated Petrochemical Division manager’s request of retirement as of 6th of March 2006.
Mr. Ka¹¹ovic retires after more than 37 years of successful work in Slovnaft, out of which over 13 years in key managerial positions (vice-CEO, vice-president and CEO). During his CEO-ship Slovnaft successfully completed several key strategic investments, through which Slovnaft refinery is one of the most complex refinery in Europe, already meeting EU-2009 fuel quality requirements.
To the position of the head of integrated Petrochemical Division of the MOL Group the Board of Directors of MOL elected as of 6th of March 2006 Mr. Árpád Olvasó, CEO and deputy chairman of the Board of Directors of TVK and the former head of Chemical Division and director of Chemical Portfolio Management of the MOL Group. Mr. Olvasó currently does not own securities issued by MOL.
Slovnaft Board of Directors appointed Mr. Oszkár Világi as the new CEO of Slovnaft as of 6th of March 2006.
