Socialist heads rolling already

K. F.
Last updated:
21:37 13-12-2011
Created:
15:53 29-04-2010

It appears that some of those who have held leading positions in important posts over the last eight years will not be holding onto their posts for too much longer: some of the members of MOL’s board of directors who have already indicated their intention to resign are László Akar, Miklós Kamarás and Ernő Kemenes. The positions they vacate will be filled by Zsigmond Járai, László Parragh and Roman Martin (president of CEZ, the Czech Republic’s leading energy company).

As early as the day after the first round of parliamentary elections, László Akar, Miklós Kamarás and Ernő Kemenes, some of the all-knowing experts of the socialist periods, indicated to the board of MOL - Hungary's oil company which is of importance from a national strategic viewpoint - that they would be resigning from their posts as of the end of the company's annual general assembly, to be held on 29 April.

According to information on the Portfolio.hu internet portal, MOL's board of directors is aware of their members' intention to resign. László Akar justified his decision by claiming that his resignation would facilitate the realisation of MOL's regional partnership strategy and that it would not hinder Roman Martin, the president of CEZ, from being selected as a member of the board of directors at the annual regular general assembly at the end of April.

To fill the empty positions, the board of directors recommended Zsigmond Járai, former president of the Central Bank and president of the supervisory committee of Pannonia Life Insurance Plc. and László Parragh, the president of the Hungarian Chamber of Commerce and Industry (MKIK).

Of the other members to resign, László Akar was the secretary of state for the Horn government and later the CEO of GKI Economic Research Company. In comparison to Akar, Miklós Kamarás accumulated a veritable plethora of jobs: between 1995 and 1998 he was the deputy-managing director of the Hungarian Privatization and State Holding Company (ÁPV), then, until 2002, he worked as a partner for Deloitte & Touche Hungary, as well as leading positions for other auditing companies. He cropped up again between 2002 and 2004 for ÁPV as the company's CEO and as a member of its board of directors.

In recent years he filled leading positions in various companies and was the president of the board for Rába Ltd, Budapest Airport Ltd. and the scandal-ridden Vértes Power Plant.  In addition he was the president of the supervisory committee for Baugép Ltd. and a member of the board of directors for Bábolna Ltd.

He filled the post of president of the supervisory committee at MOL for a short period. From November 2006 he was the president of the board of directors for Hungarian Railways Co. but in October 2008 he resigned from his position along with the then minister of transport, Pál Szabó, in the wake of the train collision near Monorierdő. Last summer Péter Oszkó, the minister of finance, appointed Miklós Kamarás to the position of CEO of the Hungarian State Holding Company (MNV).

Ernő Kemenes held various leading positions between 1968 and 1987 in the National Planning Bureau, the Ministry of Agriculture and the Prime Minister's Office, and between 1987 and 1990 was the director of the National Planning Office at a ministerial level. Between 1992 and 2001 he was the director of Deloitte & Touche Hungary, one of the key players in the Eastern-Central European region. From 1992 to 1998 he was a member of the central bank council for the Hungarian National Bank and from 2002 a member of the board of directors for MOL.

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