Erich Hampel will retire at his own request from his function as Chairman of the Management Board of Bank Austria with effect from 30 September 2009 and join the Supervisory Board of the Austrian bank. Willibald Cernko, currently member of the Management Board of Hypovereinsbank and Head of German Retail Banking, and a former manager of Bank Austria, has been designated as successor to Mr Hampel. Mr Cernko will resign from the Management Board of HVB on September 30 and will take over as Chairman of the Management Board of Bank Austria on 1 October 2009.
He will be replaced as Head of Retail Banking of HVB as of 1st of August 2009 by Peter Buschbeck, who was most recently the CEO of SEB AG.
Milan, 19 May 2009