Innovative Businesses and Services

In the fast-changing world, new consumer habits and technological developments are transforming the business and consumer demand. As part of our MOL Group 2030 strategy, we recognized that managing successful service-type businesses requires different approach from the industrial operational logic. In this spirit, in 2016 we decided to transfer our retail activities from Downstream to a newly established Innovative Businesses and Services business line in order to seize arising opportunities. This new umbrella organization includes business activities and ventures which are not directly connected to the traditional oil and gas industry, but serve individual consumers and industrial customers as well. The long-term vision of Innovative Businesses and Services is driven by customers’ behaviour and needs. MOL Group would like to become a connected and innovative solution provider, building on its extensive customer and network base.

"With the formulation of the new Innovative Businesses and Services organization our objective is to enhance the quality level of our internal and external services in order to provide a wider range of best-in-class services both to our internal and external customers. At the same time, we would like to open up towards starting and acquiring new businesses that are not directly connected to our core activities by building on our achieved experiences in the CEE region. Our ultimate aim is to become the first choice of customers not only in our core but also in our new businesses."

Dr. Oszkár Világi
Group Innovative Businesses and Services Executive Vice President