Botond Rencz has been appointed President of the Management Board of GTC S.A., succeeding Malgorzata Czaplicka, who held the position since May 2025 (as reported by CEE Real Estate Matters on May 30, 2025).
Rencz has been with GTC since August this year, when he was appointed to the Management Board and assumed the role of Chief Business Sustainability Officer. Previously, he spent nearly 30 years with Ernst & Young and Arthur Andersen, holding various senior positions in Hungary and across the Central European region.
According to GTC, “this leadership change marks the conclusion of a transitional period and the beginning of a new chapter focused on operational excellence, strategic growth, and financial stabilization of GTC. Over the past months, the management team has steered the company through a demanding refinancing process, extending debt maturities, and strengthening the balance sheet. These efforts have reinforced trust among GTC’s investors and partners.” The company recently announced it successfully priced EUR 455 million senior secured notes due 2030 with a coupon of 6.50% per annum (as reported by CEE Real Estate Matters on October 9, 2025).
“I am proud that over the past months we have successfully navigated one of the most important financing projects in GTC’s recent history, securing a EUR 455 million bond refinancing that strengthens our capital structure and supports our long-term resilience. Today, as the company enters a new phase, I am confident that GTC’s strong team and sound fundamentals will ensure continued growth and value creation,” commented Czaplicka.
“GTC is now in a solid position to move forward with clarity and purpose,” added Rencz. “My focus will be on close collaboration across the organization, enhancing the efficiency of our operations, and building one integrated group where teams in every country work together and learn from each other. Completing our planned refinancings and divestments will reinforce our financial stability, while disciplined execution of our new mid-term plan will strengthen the balance sheet and unlock sustainable value.”