János Csák Explained

János Csák
Order:Minister of Culture and Innovation
Primeminister:Viktor Orbán
Term Start:24 May 2022
Predecessor:Office established
Birth Date:15 October 1962
Nationality:Hungarian
Alma Mater:Corvinus University of Budapest
Occupation:Economist and entrepreneur
Boards:Bank of China (Hungary), Hungarian Slovakian Chamber of Commerce, Ethics Subcommittee of the Hungarian Olympic Committee
Children:Four

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.[1]

Education

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)[2] and the Executive Program at the University of Michigan Business School (USA, 1996).[3] [4] [5] [6]

Career

During his career Csák worked in executive and board positions for several companies in Europe, the US and Australia including Matáv (treasurer, 1993–2000), MOL Group (chairman, 1999–2000), T-Mobile Hungary (incl. chairman, 1997–2001), Creditanstalt Investment Bank (CA-IB),[7] Budapest Bank (GE Money Bank), Gedeon Richter Plc. (non-executive board member, 2014–2019)[8] Falcon Oil and Gas, and Wildhorse Energy Ltd.[9]

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[10] 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.[11] Under his leadership in finance Matáv won the World's Best User of Syndicated Loans Award (Euromoney, 1997).[12]

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

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.[13] As a result, MOL Group became a top-notch enterprise in the oil industry and a regional leader.[14] [15] [16]

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.

Between 2003 and 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),[17] 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.[18] [19]

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.

He served as Hungary's Ambassador accredited to the United Kingdom between 2011 and 2014.[20] [21]

Between 2016 and 2019 he was part-owner and Chairman of Design Terminal,[22] a non-profit incubator, part-owner and Chairman of Arete Ltd.,[23] an early-stage investment company, and part-owner of Brain Bar,[24] a major European festival on the future. Although he sold these companies in 2019,[25] [26] he still remains active in the startup ecosystem.

Between 2017 and 2021 he was the Head of ConNext 2050 project at the Socialfuturing Center of the Corvinus University Budapest.[27] [28] [29]

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

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

Between 2015 and 2022 he served as a non-executive director of Bank of China (CEE) Ltd, from 2019 to 2022 he was a member of the Ethics Subcommittee of the Hungarian Olympic Committee.[30]

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.

Awards

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),[31] and the Knight Grand Cross of Merit of the Sacred Military Constantinian Order of Saint George (UK, 2013).[32] He was awarded the Sándor Wekerle Economic Grand Prize and the Rákóczi Prize in 2023.[33] [34]

Personal life

He is married to Júlia Márton, they have four children and seven grandchildren. In his spare time, Csák enjoys literature. In addition to writing essays,[35] he also translated several books to Hungarian including novels and professional literature.[36] [37] [38] [39] [40] [41] His recent works are ’The Genius of America (Az amerikai géniusz), and The Good Side of Life - Searching for Values in an Unstable World (Az élet jó oldala - Értékek keresése az ingatag világban), co-authored with Franciscan monk Csaba Böjte.[42] [43] The American edition of János Csák's book, "The Genius of America" was published by Angelico Press in April 2024 in the United States.

Notes and References

  1. Csák, János on Who's Who UK. Who's Who. en. 10.1093/ww/9780199540884.013.U254151. 2018-02-18. https://web.archive.org/web/20180617193332/http://www.ukwhoswho.com/view/10.1093/ww/9780199540884.001.0001/ww-9780199540884-e-254151. 2018-06-17. dead.
  2. Web site: Manfred Kets de Vries - INSEAD. ketsdevries.com. 2018-02-27. https://web.archive.org/web/20180607150525/http://www.ketsdevries.com/insead/. 2018-06-07. dead.
  3. News: C.K. Prahalad, 1941-2010. 2010-04-22. Bloomberg.com. 2018-02-27. en.
  4. News: C.K. Prahalad, Management Guru, Dies. Chang. Arlene. 2010-04-18. Wall Street Journal. 2018-02-27. en-US. 0099-9660.
  5. News: Dave Ulrich. University of Michigan's Ross School of Business. 2018-02-27. https://web.archive.org/web/20180617160046/https://www.michiganross.umich.edu/faculty-research/faculty/dave-ulrich. 2018-06-17. en. dead.
  6. Web site: Dave Ulrich The RBL Group. daveulrich.com. en. 2018-02-27. https://web.archive.org/web/20180806115543/http://daveulrich.com/. 2018-08-06. dead.
  7. Web site: Csák János a CA IB magyarországi vezérigazgatója. www.napi.hu. Napi.hu. 2018-02-16. https://web.archive.org/web/20180617193317/https://www.napi.hu/tozsdek-piacok/csak_janos_a_ca_ib_magyarorszagi_vezerigazgatoja.64307.html. 2018-06-17. dead.
  8. Web site: Announcements Change in the Board of Directors of Gedeon Richter Plc.. 2021-01-18. www.richter.hu.
  9. News: WildHorse Appoints European Energy and Capital Markets Specialists to Board. 2010-08-27. 2018-03-04. https://web.archive.org/web/20180617192541/https://www.amcham.hu/wildhorse-appoints-european-energy-and-capital-markets-specialists-to-board. 2018-06-17. dead.
  10. Web site: New realities: Shrugging off the Asia effect. Euromoney. en. 2018-02-27.
  11. Web site: Stretching Hungary's debt. Euromoney. en. 2018-02-18.
  12. Best of the Rest by Sector or Region. Euromoney. June 1997. 106.
  13. News: 2000-04-06. MOL’s milestone. The Economist. 2021-01-18. 0013-0613.
  14. Web site: MOL's milestone. The Economist. en. 2018-02-18.
  15. Web site: Mozgó Világ 2001. július, 27. évf. 7. sz. - EPA. epa.oszk.hu. 2018-02-18.
  16. Web site: Ez az arc lesz a végső? - portré Hernádi Zsolt MOL-vezérről. magyarnarancs.hu. hu. 2018-02-18. https://web.archive.org/web/20180617192727/http://magyarnarancs.hu/belpol/ez_az_arc_lesz_a_vegso_-_portre_hernadi_zsolt_mol-vezerrol-63964. 2018-06-17. dead.
  17. News: Becsben tartott utánnyomások Világgazdaság. Világgazdaság. 2018-02-20. hu-HU. https://web.archive.org/web/20180617193140/https://www.vg.hu/kozelet/becsben-tartott-utannyomasok-45440/. 2018-06-17. dead.
  18. Web site: Csák Jánosé a Heti Válasz. www.napi.hu. Napi.hu. 2018-02-18. https://web.archive.org/web/20180617193314/https://www.napi.hu/redirectedbyprint/titleunknown.199572.html. 2018-06-17. dead.
  19. Web site: Nyelv és Tudomány- Főoldal - Eladták a Heti Választ. m.nyest.hu. 2018-02-18. https://web.archive.org/web/20180417024011/https://m.nyest.hu/hirek/eladtak-a-heti-valaszt. 2018-04-17. dead.
  20. News: Hungary's Agenda for Europe. Csak. Janos. 2011-02-04. Wall Street Journal. 2018-02-18. en-US. 0099-9660.
  21. News: "A nyugati kultúra részei vagyunk". Márton Békés. Gergely Böszörményi-Nagy. 2012-09-17. jobbklikk. 2018-03-27. https://web.archive.org/web/20130321065009/http://jobbklikk.hu/index.php?Cikk=769. 2013-03-21. dead.
  22. News: VARGA. Attila. Szakmai befektetőé lett a Design Terminal. hu. index.hu. 2018-02-13.
  23. Web site: A privatizáció után szakítana nagyot – startupokkal a Design Terminál Forbes.hu. 2018-02-13. forbes.hu. hu.
  24. Web site: Szellemi csúcstalálkozó Válasz.hu. dead. https://web.archive.org/web/20180617220015/http://valasz.hu/kultura/szellemi-csucstalalkozo-123962. 2018-06-17. 2018-02-13. valasz.hu. hu.
  25. Web site: 2019-10-31. Csányi Gabriella 30 százalékos tulajdonrészt szerzett a Brain Barban Forbes.hu. 2021-01-18. forbes.hu. hu.
  26. Web site: 2019-12-09. The new ownership structure of Design Terminal has been established. 2021-01-18. Design Terminal. en-US.
  27. http://socialfuturing.com/storage/uploads/Publications/English/Foundations_of_the_SFI_Informacios_Tarsadalom_2019_XIX_4.pdf Foundations of the Social Futuring Index
  28. http://socialfuturing.com/storage/uploads/Publications/English/SFI_Concept__Methodology_and_Report_165x235_Elektronikus_linkelt_egyben.pdf Social Futuring Index, CONCEPT, METHODOLOGY AND FULL REPORT 2020
  29. http://socialfuturing.com/storage/uploads/Publications/English/SFC_WP2_Csak.pdf Social Futuring Index, János Csák
  30. Web site: Kornélia. Barát. 2020-06-12. Magyar Olimpiai Bizottság - Fókuszban az ötkarika hitelessége az Etikai Bizottság alakuló ülésén. 2021-01-18. olimpia.hu/. hu.
  31. News: Pesterzsébet értékteremtői. 19 November 2013. Pesterzsébet. 18 February 2018. https://web.archive.org/web/20180618023338/http://pesterzsebet.hu/wp-content/uploads/2017/10/PE_2013_11_November_WEB-1.pdf. 18 June 2018. dead.
  32. Web site: Sacred Military Constantinian Order of Saint George - Delegation for Great Britain and Ireland. Sacred Military Constantinian Order of St. George. en-US. 2018-03-04.
  33. https://www.mnb.hu/sajtoszoba/sajtokozlemenyek/2023-evi-sajtokozlemenyek/csak-janos-kapta-a-wekerle-sandor-karpat-medencei-gazdasagi-nagydijat
  34. https://kmf.uz.ua/hu/hirek/a-rakoczi-dijjal-kituntetett-csak-janos-laudacioja/
  35. Web site: Móricz Zsigmond: Erdély - Kommentár ...a magyarázat. Közéleti és kulturális folyóirat.. kommentar.info.hu. hu. 2018-02-18. https://web.archive.org/web/20180617192827/http://kommentar.info.hu/iras/2011_1/moricz_zsigmond_erdely. 2018-06-17. dead.
  36. Book: A közgazdaságtan megváltása (John Mueller). 9789631246346. hu.
  37. Web site: Robert M. Pirsig, Csák János (ford.) - Könyv bookline. bookline.hu. hu. 2018-02-18. https://web.archive.org/web/20180617215933/https://bookline.hu/search/personsProducts.action?pid=230274,12850033. 2018-06-17. dead.
  38. Book: Szex, pénz, boldogság és halál (Manfred Kets De Vries). 9789639912090. hu.
  39. News: BOOK REVIEW: ‘Socrates’. The Washington Times. 2018-03-04. en-US.
  40. Web site: Paul Johnson: Szókratész. Európa Könyvkiadó. 2018-02-19. https://web.archive.org/web/20180617193141/https://europakiado.hu/konyv/734932/szokratesz/. 2018-06-17. dead.
  41. HALM. Tamás. October 2017. Reformáció a közgazdaságtanban?. Közgazdasági Szemle. 2018-02-19. https://web.archive.org/web/20180719081844/http://real.mtak.hu/65185/1/07_HalmA_u.pdf. 2018-07-19. dead.
  42. https://mandiner.hu/hirek/2022/10/csak-janos-amerikai-geniusz
  43. https://www.libri.hu/konyv/bojte_csaba.az-elet-jo-oldala.html

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