The announcement on the appointment of Csaba Belovai by the Hungarian liquor producer was made on the website of the Budapest Stock Exchange in compliance with its obligation to provide notification of extraordinary events as set out in EU and Hungarian regulations.
The Board of Directors of the Company by its resolutions dated December 16, 2024 acknowledged that mandate of Frank Odzuck, as General Manager of the company will terminate with effect of June 30, 2025 due to his retirement and resignation.
At the same time, the Board appointed Csaba Belovai, the Commercial and Export Director of the Company as General Manager of the Company as of July 1, 2025 for a definite period terminating on June 30, 2028. The mandate of Mr. Csaba Belovai as General Manager can be extended by an additional definite period of two (2) years pursuant to the terms and conditions to be defined in his employment agreement.
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