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Fekter: Kranebitter „Weary of Office“

People ♦ Published: July 3, 2013; 10:52 ♦ (Vindobona)

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Hypo CEO Kranebitter resigns and settles a score with the Finance Ministry in an open letter. He decided to step back after three and a half years because “major parts of the work were damaged”.

Fekter: Kranebitter „Weary of Office“ / Picture: © KPMG - Pressefoto Gottwald Kranebitter

The announcement was made on Tuesday morning. It came as a surprise but it was not completely unexpected. CEO of nationalized Hypo Group Gottwald Kranebitter withdraws as per August 15. Thus, he leaves only one day after the new need for public subsidisation of the half-yearly accounts are published, and only a month after Chairman of the supervisory board Johannes Ditz threw in the…