Arpad Torok appointed new CEO at Trigranit

Budapest-based CEE real estate developer Trigranit has named Árpád Török as its new CEO to replace Lorant Varga who is leaving the firm. At the same time Sándor Nyúl has been appointed to the position of chairman of the board.

Trigranit said its shareholders had chosen a new CEO to develop an adequate corporate strategy to meet the ongoing challenges of the changing world economy.

'The new environment needs new strategy, new impetus, and new management style. Trigranit has always been keen on providing young colleagues with professional challenges. This served as a basis for the outstanding results, and the new approaches. Based upon this corporate practice, a young professional with proven track record is given the top position,' the firm said in a statement.

Török joined Trigranit Development Corporation in 1999 as leasing manager. In 2006 he was appointed chief leasing officer of Trigranit Development Corporation and Development director for projects in Romania with extended responsibilities for the leasing activities of all Trigranit's developments in CEE. He had full responsibility for the management and setting up Trigranit’s first two shopping and entertainment center developments in Romania: Polus Center Cluj, which is open, and Polus Center Constanta, to be opened next year.

Trigranit is a fully integrated real estate investment, development and management company. It has operations in seven countries in Central and Eastern Europe, a large portfolio of completed trophy assets, and a pipeline of over EUR 4 bn of major mixed-use developments, as well as a number of public private partnership (PPP) investments.