MOL, acquisition targets change leadership

Hernádi Click here to enlarge imageMOL Rt.'s board of directors has elected Zwsolt Hernádi as the company's new chairman following the resignation this summer of MOL Chairman János Csák. After leading the successful effort to assume a controlling interest in Slovnaft (see related story, p. 30), Csák resigned in protest over a Hungarian government decision involving natural gas prices. MOL currently is seeking to unbundle certain gas operations in compliance with European Union requirements. Csák saw the government's decision as an impediment to market liberalization. MOL's chief administration officer, Zoltán Mándok...

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