Zsolt Hernádi, CEO of Hungarian oil and gas company MOL, has resigned from his position as chairman of the Corvinus University’s foundation board. This move comes as the Tisza government has decided to comprehensively restructure Hungary’s public interest asset management foundations, which operate several universities, including Corvinus. Hernádi’s resignation appears to be preemptive, occurring before the final details of the government’s overhaul are finalized. The government’s planned changes signal a significant shift in the governance of these foundations and the universities they support. Details regarding the reasons for Hernádi’s departure beyond the announced restructuring remain limited. The restructuring aims to overhaul how these foundations, and by extension the universities, are managed and funded. This decision impacts the leadership structure of a key Hungarian university.
