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HomeWho’s in chargeMagdolna Tokai appointed as Deputy CEO of ALTEO Group

Magdolna Tokai appointed as Deputy CEO of ALTEO Group

Magdolna Tokai is joining Hungarian-owned energy company, ALTEO Group as Deputy CEO for Corporate Support. She will be responsible for establishing and operating two new corporate units: the project portfolio management area, which will primarily support resource planning and allocation at the ALTEO level, and the BoD cabinet, which will coordinate the work of decision-making bodies, and will also include the areas of IT, purchasing, legal and office management.

Magdolna Tokai has almost 20 years of professional experience, mainly in the energy sector (MOL and MVM) and has held several management positions in both Hungary and in the region.

She started her career at the Hungarian integrated oil and gas company, MOL Group, where she first held management and CEO positions in the Croatian subsidiaries, at the INA Group and then at Tifon, participated in INA’s IPO, negotiated syndicated loan agreements and also led the growth and agile transformation of Tifon.

After she left MOL Group, she continued her career at Hungarian energy holding MVM, where she served as Deputy CEO for Strategy and Business Development and was also responsible for support functions. She has headed numerous M&A (conventional, renewable power plant and infrastructure) projects; participated in strategy development and bond issuance projects. Additionally, she has also coordinated the establishment and operation of MVM Group’s first service center (SSC). She is committed to creating equal opportunities and a member of Women in Energy Association.

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