Lázár Vilmos will be the new President of the CBA

Baldauf László, the president of the CBA will retire at the end of the year. Lázár Vilmos will be the new President of the CBA from 1 January 2016 – the CBA told MTI on Tuesday.

Baldauf László (75), the President of the Hungarian chain announced his retirement on Tuesday at the company's official members' meeting, where he was elected as honorary president.

The Communication points out that in 1992 ten Hungarian private traders created the basis of a purchasing association based on mutual benefits, resulted in the creation of the 100 percent Hungarian-owned CBA chain of stores. (MTI)