The Supervisory Board of MAVIR, Hungary’s electricity transmission system operator (TSO), has announced the appointment of Ferenc Szarvas as Chief Executive Officer, effective January 1, 2025. Alongside his new role, Szarvas has also been elected as a member of the Board of Directors.
Ferenc Szarvas, an accomplished economist, brings extensive experience from both the public and private sectors. He previously served as Deputy CEO at State Privatisation and Asset Management, Chairman of the Board of Directors at Malév Hungarian Airlines, and as a member of the Boards of Directors at MFB Hungarian Development Bank and Hungaropharma pharmaceutical company.
Szarvas’s leadership experience includes serving as CEO of the Government Debt Management Agency starting in 2000 and leading the state-owned railway company MÁV from 2010. He later became CEO and Board member of the Budapest City Management Company (BKVF) and held a Supervisory Board role at the Centre for Budapest Transport (BKK). More recently, he was the Investment Director at Széchenyi Venture Capital Fund Management in 2022 and served as a Board member of MVM, Hungary’s state-owned energy company, from January 2023 to June 2024.
On July 1, 2024, Szarvas joined MAVIR’s Supervisory Board, a position he held until December 31, 2024, before assuming his new responsibilities as CEO.
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