Arpad Torok has replaced Lorant Kibedi Varga as CEO of Hungarian construction giant TriGranit from October 1, TriGranit told MTI on Friday.
At the same time, Sandor Nyul was made chairman of the board of directors.
Because of the changed global economy, TriGranit is pursuing a new strategy which required new management, the company said.
TriGranit is present in eight countries in Central Europe. It has completed property developments worth some EUR 2bn and plans projects worth a further EUR 4bn in the coming years.
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