Erich Hampel will become the new chairman of the board of trustees of "Immobilien Privatstiftung" and of "B & C Privatstiftung"
Erich Hampel, Chairman of the Managing Board of Bank Austria Creditanstalt, will take over, in both foundations, the function of Gerhard Randa, who retired as a bank executive with effect from 30 September 2006 and on that occasion resigned from his function as chairman of "
Gerhard Randa was a member of the board of trustees of Immobilien Privatstiftung, a foundation established in 1999, from 2001 onwards and a member of the board of trustees of
A brief review shows Gerhard Randa's successful activity: real estate not used for banking operations as well as equity interests in industrial companies (including Lenzing, Semperit and Porr) not forming part of the bank's core business were sold to the holding companies wholly-owned by the foundations, which were established by Bank Austria and Creditanstalt in 1999 and 2000.
Immobilien Privatstiftung is now starting the "Wien Mitte" project, a large-scale construction project reconciling the interests of all those involved after years of intensive preparations. Since the foundation was established, the value of its real estate holdings has increased by almost 10%, despite various sales of real estate made according to plan. At
Since the establishment of B & C Holding GmbH, the wholly-owned subsidiary of
Gerhard Randa, who was Chief Executive Officer of
For more information: Bank Austria Creditanstalt Press Department, Austria
Peter N. Thier, Tel. +43 (0)5 05 05 Ext: 52371