COO Tungsram Group, Components & Services Business Unit Leader at Tungsram Operations Kft.
Istvan Magyar was appointed to his current role of COO of Tungsram Group in April 2018 and has been heading the Components & Services Business Unit since early 2020. In this capacity he focuses on utilizing Tungsram’s technical capabilities, human resources, and real estates in futureproof high growth industrial segments with a special attention to green energy and energy storage.
He has more than 20 years of international operations experience gained in the Lighting, Energy Services/Industrial Solutions and Power Conversion divisions of the General Electric Company. During his time with GE, he held EMEA regional multi-site manufacturing and end-to-end supply chain lead roles and was global capacity planning leader for GE Power Conversion. He managed teams through cycles of rapid growth, technological disruptions, and oversaw both restructuring and acquisition activities.
Istvan Magyar holds an MBA in International management from Weatherhead School of Management at Case Western Reserve University in the USA, a bachelor’s degree in electrical engineering and technical education from Kandó Kálmán Technical College and is a graduate of General Electric’s Business Management and Operations Management Programs.