Change of CEOs at Bank Austria:
Willibald Cernko takes over as CEO of Bank Austria
- Erich Hampel is stepping down as CEO and will become deputy chairman of Bank Austria’s Supervisory Board
According to the Supervisory Board decision from 29 July of this year, Willibald Cernko, 53, will take over as CEO of Bank Austria tomorrow. His predecessor, Erich Hampel, will become the deputy chairman of the bank’s Supervisory Board on the same day, and will also continue to be a member of the Supervisory Board for five subsidiaries of Bank Austria in Central and Eastern Europe.
In the words of Willibald Cernko, CEO of Bank Austria, “I am pleased to take over leadership of Bank Austria during these challenging times. Not only are we the largest and most profitable bank in Austria, but we also manage the largest banking network in Central and Eastern Europe within UniCredit Group. If you start a race in pole position, your aim can only be to expand your lead. And this will be my aim – to strengthen our leading role in Austria and Central and Eastern Europe – in my new position. After all, I am taking over the helm of a well managed bank with outstanding employees, which Erich Hampel successfully led through the financial crisis and which, as a part of UniCredit Group, has unmatched international potential in Austria.”
According to Erich Hampel, deputy chairman of Bank Austria’s Supervisory Board, “I am pleased that my successor, Willi Cernko, has not only been a colleague of mine for years but is also one of the most experienced managers in our Group, and I wish him and his team great success. In my Supervisory Board function in Austria and CEE, I will remain closely connected with our Group and look forward to continuing to offer my experience in order to benefit our customers and employees.”
Bank Austria is the largest, most profitable bank in Austria, with a balance sheet total of EUR 207.7 billion and earnings before tax of around EUR 1 billion (as of 30 June 2009). As the market leader, the bank holds a market share of 20 per cent in the retail banking segment and 88 per cent in the corporates segment. As a sub-holding of UniCredit Group for Central and Eastern Europe, it manages the leading banking network in the region, with around 2,800 branches in 18 countries and around 53,400 employees.
CVs for and photos of Willi Cernko and Erich Hampel are available for download at www.bankaustria.at. The photos may be printed free of charge.
An overview of Erich Hampel’s tenure as CEO is also available for download at www.bankaustria.at.
Enquiries: Bank Austria Press Office Austria
Martin Halama, Tel.: +43 (0)505 05 05 ext. 52371
Tiemon Kiesenhofer, Tel. +43 (0)5 05 05 ext. 52819
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