Austrian Airlines CEO resigns

The termination is mutually agreed and in accordance with his contract of employment.

CEO Otsch made the following statement regarding his decision: “After three intensive years with Austrian Airlines, this step is designed to enable a new beginning at the company, including at the level of management. Having cooperated closely with my colleagues on the Board of Management and the Supervisory Board while introducing the necessary change of course towards partnership, I am glad that the privatisation has now moved into its final stages with Lufthansa, the best possible partner for the Austrian Airlines Group.”

The Chair of the Supervisory Board, Dr. Peter Michaelis, said the following: “I would like to thank Alfred Ötsch for his commitment over the past three years, particularly the constructive contribution he made in the course of the privatisation process. With the support of management, it has eventually proved possible to achieve a long-term and above all sustainable solution for Austrian Airlines.”


(c) Centre for Asia Pacific Aviation. Date posted: 30-Jan-09

 

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