New executives at the helm of MVM and NKM

Andrea Bártfai-Mager, Minister without portfolio for the management of national wealth, appoints György Kóbor as Chief Executive of MVM Hungarian Electricity Ltd. As Chairman of the Board of Directors of NKM Nemzeti Közművek Zrt., the new Chairman and CEO of MVM continues to be involved in the management of NKM. The CEO’s duties at NKM are assumed by Gábor Hiezl, Deputy CEO for Digitalisation and Innovation of the company until now.

‘The nationally owned energy companies, MVM and the National Public Utilities, have become the most important company groups in the country by now. Together, they are able to supply all parts of the energy value chain, including generation, distribution, trade and customers. All this warrants that the existing capacity, know-how and customer service should be controlled by a large, single national energy group based on MVM and NKM,’ said György Kóbor, Chairman and CEO of MVM and Chairman of the Board of Directors of NKM.

‘Due to the Government’s actions, the retail price of natural gas and electricity is one of the lowest in the European Union today. Since we have more than 4 million partners from retail customers to large companies, it is essential that we provide customer experience which will make as many people as possible want to become our customers,’ said Gábor Hiezl, CEO of NKM.

Dr János Zsuga, CEO of MVM to date, left his position by mutual agreement. In order to increase the competitiveness of the Group, Dr János Zsuga launched a significant culture change and reorganisation project. Under his leadership, a major renewable energy generation development programme was started in the MVM Group in 2017, by which it will become Hungary’s largest renewable energy generator. In recent years, the Group has successfully closed the lifetime extension programme of the Paks Nuclear Power Pant, which will guarantee the operation of the stable and predictable nuclear units, which form the basis of the country’s energy supply, until the end of the 2030s. The MVM Group preserved its stable EBITDA-generating capacity over HUF 100 billion amid increased competition in the energy market and under international price pressure.

György Kóbor has been Chairman and CEO of NKM since October 2016, where he has directed the efficient, nationwide expansion of national energy utility services and the development of a modern, innovative one-stop customer service. Previously, he was Deputy CEO for Business of MVM between 2010 and 2012 and between 2013 and 2016, and was CEO of MET Power Hungary Kft. in 2012 and 2013. Prior to that, he was Managing Director of E.ON Energiakereskedő Kft. for 8 years, then Deputy CEO for Energy Procurement and Energy Sales of E.ON Hungária Zrt.

Gábor Hiezl has held the positions of Deputy CEO for Trade, then Deputy CEO for Digitalisation and Innovation of NKM since December 2016. He was Director of Portfolio Management of MET Power Hungary Kft. between 2013 and 2016, then worked as Director for Trade at E2 Hungary Zrt. until December 2016. He held management positions in the commercial functions of the E.ON Group from 2000 until 2013.