COMPANIES & STRATEGIES - TECHNOLOGY

Post subsidiary

CEO of Victor Buck Services leaving



After nine years at the head of Victor Buck Services, a Post subsidiary, Edith Magyarics has decided to take on a new challenge. (Photo: Victor Buck Services)

After nine years at the head of Victor Buck Services, a Post subsidiary, Edith Magyarics has decided to take on a new challenge. (Photo: Victor Buck Services)

Edith Magyarics is to step down as CEO of Victor Buck Services, the Post Group announced in a statement, citing personal reasons.

"We respect Edith Magyarics' choice to leave her position as CEO of VBS and would like to thank her for her commitment and the innovative spirit she brought to the company under her management. Moreover, her remarkable management of the crisis that occurred following the sabotage of the VBS IT system in 2020, and the difficult months that followed, allowed the company, thanks to the leadership of Edith Magyarics, to return to a healthy and sustainable situation," said Claude Strasser, managing director of the Post group and chairman of the board of directors of Victor Buck Services, in a statement issued on Tuesday 9 November.

Appointed at the end of 2002, Magyarics spent almost nine years at the head of the Post subsidiary, and her departure is “motivated by her personal reasons”. She will remain in her post until her successor is appointed. In March, she joined the Luxembourg Women Cyber Force.

Victor Buck Services was the target of a cyber attack in August 2020, which temporarily made the processing of paper transfers impossible.

This story was first published in French on Paperjam. It has been translated and edited for Delano.