János Csák

Between 2019-2020 he served on the board of trustees of the Maecenas Universitatis Corvini Foundation, the endowment managing Corvinus University of Budapest.

From 2019-2021 he was on the supervisory board of Blue Planet Climate Protection Investments (Kék Bolygó Klímavédelmi Befektetési Zrt.).

Currently, he serves as a non-executive director of Bank of China (CEE) Ltd. and is also co-chairman of the Hungarian Slovakian Chamber of Commerce. In 2019, he was elected as a member of the Ethics Subcommittee of the Hungarian Olympic Committee.

Between 2017-2021 he was the Head of ConNext 2050 project at the Socialfuturing Center of the Corvinus University Budapest.

Between 2016-2019 he was part-owner and Chairman of Design Terminal, a non-profit incubator, part-owner and Chairman of Arete Ltd., an early-stage investment company, and part-owner of Brain Bar, a major European festival on the future. Although he sold these companies in 2019, he still remains active in the startup ecosystem.

He served as Hungary’s Ambassador accredited to the United Kingdom between 2011-14.

In recognition of his economic and social activities he was awarded the Commander’s Cross of the Order of Merit of Hungary in 2010. He was conferred the Honorary Citizenship of the 20th district of Budapest (2013), and the Knight Grand Cross of Merit of the Sacred Military Constantinian Order of Saint George (UK, 2013).

Csák was a visiting fellow in political economy and energy security at The Heritage Foundation in Washington, DC and at Acton Institute, in Grand Rapids, Michigan in 2009-10.

Between 2003-2010, Csák ran his own management and strategic advisory practice. As an investor, he turned around a number of companies, notably he revitalized Helikon's (a publisher of quality literature and art), and Heti Válasz's (a magazine reaching over 1% of the population nationwide, covering politics, economy and culture) brand strategy, and successfully sold both as efficient companies.

He is a member of the supervisory board of the Saint Francis Foundation of Déva. In 2003 he founded the Kálmán Széll Foundation an association of business leaders.

He was an executive board member of Creditanstalt Investment Bank, a Vienna-based comprehensive investment bank focusing on Central-Eastern Europe in 2001-2003, where he supervised the energy and telecom practices.

During his tenure as Chairman of the Board at MOL in 1999-2000, he orchestrated a comprehensive growth strategy which resulted in the reconstruction of the leadership and the strategy of the group. Under his tenure, MOL acquired the Slovakian energy company Slovnaft. As a result MOL Group became a top-notch enterprise in the oil industry and a regional leader.

He worked as treasurer of Matáv (now Magyar Telekom) playing an instrumental role in Matáv's $1 billion listing on the New York Stock Exchange, a deal seen as the model for future privatizations winning the International Financing Review Award in 1997. Csák also crafted and negotiated the biggest mobile deal in the Central European region to its date: the acquisition of Westel (now T-Mobile) for $885 million from MediaOne in 1999. Under his leadership in finance Matáv won the World’s Best User of Syndicated Loans Award (Euromoney, 1997).

In 1996 he was a Senior Treasury Advisor at Ameritech Corporation (Chicago, USA).

During his career Csák worked in executive and board positions for several companies in Europe, the USA and Australia including Matáv (treasurer, 1993-2000), MOL Group (chairman, 1999-2000), T-Mobile Hungary (incl. chairman, 1997-2001), Creditanstalt Investment Bank (CA-IB), Budapest Bank (GE Money Bank), Gedeon Richter Plc. (non-executive board member, 2014-2019) Falcon Oil and Gas, and Wildhorse Energy Ltd.

Csák holds an MSc in Finance and Sociology from the Corvinus University of Budapest (Hungary, 1987), and completed the Challenge of Leadership Program, INSEAD (France, 2000) and the Executive Program at the University of Michigan Business School (USA, 1996).

János Csák (born 15 October 1962) is a Hungarian corporate leader, honorary professor of management, who has been the Minister of Culture and Innovation since 24 May 2022. Formerly, he served as Ambassador of Hungary to the United Kingdom between 2011 and 2014.