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30.07.2009

Bank Austria's Supervisory Board decisions on Management Board

  • Willibald Cernko has been appointed as new Chairman of the Management Board with effect from 1 October
  • Federico Ghizzoni has been appointed Deputy Chairman of the Management Board
  • Helmut Bernkopf heads the new Corporate & Investment Banking business area

Yesterday the Supervisory Board of Bank Austria adopted the following resolutions concerning the future composition of the Management Board and the distribution of responsibilities: Willibald Cernko will become Bank Austria's new Chairman of the Management Board with effect from 1 October 2009. He will succeed Erich Hampel, who will join the Supervisory Board. Federico Ghizzoni has been appointed Deputy Chairman of the Management Board, in addition to his function as Management Board member responsible for the CEE Banking Division. Helmut Bernkopf will head the Corporate & Investment Banking business area.

Alessandro Profumo, Chairman of the Supervisory Board of Bank Austria: "We have appointed Willibald Cernko, an experienced and successful manager from our Group, as the new CEO of Bank Austria. He will continue to pursue Bank Austria's successful course. The appointment of Federico Ghizzoni as Deputy CEO reflects the importance we attach to our Group's CEE business. We are thereby underlining Bank Austria's special responsibility as CEE sub-holding company within our banking group."

Enquiries: Bank Austria Communications Austria
 Martin Halama, tel. +43 (0) 50505 - 52371
 e-mail: martin.halama@unicreditgroup.at

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