Chief Executive Officer (at the same time when András Simor, later head of National Bank of Hungary, was the head of the company). Bajnai was leading, among others the IPO's of Gedeon-Richter, MOL, OTP, Magyar Telekom, as well as some of the major M&A transactions of this period. Between 2000 and 2005, he was CEO of Wallis Rt., an investment company. His duty was to restructure the holding-company, make it more efficient and to manage its investments. Wallis group member companies were at that time Graboplast Rt., Rába Rt., Elender Rt., Index.hu, WING, Wallis Auto Holding, Danubius Radio, Café Advertistment. In 2003, the National Association of Managers awarded Bajnai as the "Young Manager of the Year". Among the more than 100 Wallis-owned companies a poultry processing firm, Hajdú-Bét went bankrupt during 2003, against all efforts by its management and owners. Many partners of Hajdú-Bét suffered serious losses during the time when the poultry market collapsed in 2003, Wallis group itself lost 10 billion forints (over 40 million Euros). Years later, when he started his political career, Bajnai was criticized for the Hajdú-Bét collapse, although he won all the lawsuits against media-outlets for false accusations. In 2005, he was Chairman of Budapest Airport (on behalf of BAA), and member of the Supervisory Committee at Zwack Inc. He was a member of the Corvinus University of Budapest Economic Council. He resigned all of his company posts and board-memberships, when he entered the government as government commissioner, responsible for EU funds and national development. Political career Member of the Gyurcsány II Cabinet Bajnai first received a government post in 2006. On 1 July, Prime Minister Ferenc Gyurcsány's called on him to be the Government Commissioner for Development Policy. In this position, he was overseeing the National Development Agency, that controls EU Funds to Hungary. He became minister in July 2007, in the Ministry of Local Government and Regional Development. After SZDSZ left the coalition government, in May 2008, he took over the newly formed Ministry of National Development and Economy. During his period as Minister, Hungary has won the right to host the European Institute of Innovation and Technology, and at the same time Mercedes has concluded a major FDI with the Hungarian Government in Kecskemét. From October 2008, Bajnai's activities had mainly focused on managing the evolving crisis in the real economy in Hungary. In March 2009, Prime Minister Ferenc Gyurcsány resigned,