Supervisory Board

Lawyer; he obtained his university degree in 1980 at the Faculty of Law of Eötvös Loránd University. A significant part of his work is connected to the public administration. At the very start of this career he was responsible for the codification of financial and tax law at the Codification Department of the Ministry of Justice. He participated in the tax reform of the 1980s – PIT, VAT, etc. – as a member of the preparatory and executive staff. Subsequently, as the chief judge of the then-established Administrative Chamber of the Supreme Court, he adjudicated administrative cases, typically tax and election issues. His professional publications were also in the field of financial law and tax law.

The change of regime prompted him to return to public administration. First to the Ministry of Justice, where he participated in the development of the legislation of economic regime change – company law, compensation, state asset management, etc. He then worked in the Ministry of Finance as Secretary of State for State Revenue and then as Secretary of State for Public Administration. As a brief detour into economic life, he was the chairman of the joint venture Deutsche Genossenschafts Bank and the Hungarian Savings Bank, Fundamenta German-Hungarian Housing Savings Bank, as the company’s chairman. After that, he returned to public administration. Between 1998 and 2002, as the Secretary of State for Public Administration in the Prime Minister’s Office, he was responsible for the supervision of the Hungarian government administration and the professional preparation of legislation. In this function he could make use of all the – legislator, judge, manager – experience of his previous life.

He left public administration in 2002 and has has been working in the business sector ever since, mainly in renewable and green energy. Since 2008 he has been the CEO of the Hungarian Hydrocarbon Stockpiling Association. He is a member of the board of directors or supervisory board of several companies, typically one engaged in energy or financial activities. 

He graduated from Karl Marx University of Economic Sciences (MKKE) with a degree in plan mathematics and completed postgraduate studies at Stanford University. He received his doctorate in 1969 and the degree of Candidate of Economics in 1981, and has been a doctor of the Hungarian Academy of Sciences since 1999. He had been a correspondent member of the Hungarian Academy of Sciences since 2010 and was elected as a full member in 2016.

In 1967-68 he was an economist at the Design Offices of the Ministry of Metallurgy and Mechanical Engineering, and since1968 he has been a lecturer at MKKE and its successor institutions (now Corvinus University of Budapest); he has been a professor since 1990 and a professor emeritus since 2014. From 1989 to 1998 he was the head of the Department of Business Economics, from 2000 to 2003 he was the rector of the university, and since 2004 he has been the director of the Competitiveness Research Center of the university. Between 1970 and 2010 he was the director, and ever since he has been the president of the Rajk László College for Advanced Studies of the university. From 1998 to 2000 he served as the Minister of Economy. From 2000 to 2002 he was chairman of the Prime Minister’s Economic Advisory Board.

He is currently a member of the Economics Committee of the Hungarian Academy of Sciences and the Committee on Industry and Business Administration, and co-chair of the Interdepartmental Standing Committee on Logistics. Member of the Central European University Board. Chairman of the Economic Policy and Economic Theory Committee of the Hungarian Economic Society, co-chairman of the Hungarian Logistics, Purchasing and Inventory Society. Chairman of the Supervisory and Audit Committee of Gedeon Richter Plc., Deputy Chairman of the Supervisory Board of MOL Plc., Chairman of the Audit Committee. Executive Vice President of the International Society for Inventory. He is a member of the editorial boards of several international and domestic journals. He is the author of more than 200 publications, including several books and numerous referenced international journal articles.

He is an external member of the Royal Swedish Academy of Engineering Sciences, an honorary doctor of Lappeenranta University of Technology (Finland) and Babes-Bolyai University of Cluj-Napoca. 

Economist, managing partner of McKinsey and Company in Budapest, member of the National Competitiveness Council.

He holds a Bsc from University of Passau and a Bsc and Msc from Corvinus University of Budapest. During his studies he also spent a semester in the United States as a tutor and worked at Deutsche Bank and Paribas Bank in Frankfurt. In September 2000 he joined Mckinsey & Company in Budapest. In 2004 he earned a masters degree in finance from London Business School.

During his work, he has served Europe’s leading financial institutions with respect to key strategic, operational and organisational issues. He has significant experience in financial services and has supported clients ’strategic, organisational and process optimisation, digitisation efforts, and other growth and efficiency goals in a number of other industries and the public sector.