Born in 1971, Israel Figa is a career economist who completed his Master’s Degree in Economics at Corvinus University of Budapest in 1997. After graduating, Figa started his career at Deutsche Bank, a global banking and financial services company. Between 2000 and 2004, Figa was then engaged in a variety of positions at various global banks which included serving as an assistant general manager between 2003 and 2004.

Figa then shifted his focus and from 2004 to 2012, he started working with and consulting to leading oil companies. His core interest was on the wide range of oil and gas technologies and equipment and he worked intensively on addressing and resolving the air emissions which are a natural result of the oil industry.

On the 13th of June 2012, he took his place as the manager of a leading oil company in Hungary, after consulting to the company since 2006.

Achievements as Manager

Following his appointment as the company’s manager, Figa identified the need for the company to re-evaluate its financial alternatives. His key mandate upon appointment was to secure the future of the oil company’s flagging gas business.

His top priority in his new position was to ensure that shareholder interests were protected while also ensuring the oil company maintained legal requirements and sound business practices. Figa was also required to guide the company through the restrictions place by anti-inflation policies and to ensure the success of the business as it privatized following decades of state ownership.

Final Word

Figa has been a big part of the successful turnaround of the oil company in Hungary from a state-owned monolith to a successful publicly listed enterprise. The company’s revenues have grown significantly in the last few years, with the success of its natural gas division reducing significant fears and pressure from shareholders and driving its share price to unprecedented highs in 2015.


Robert Gombos

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