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Michaelis Leaves Austria's State Holding Company

Published: December 3, 2010; 22:57 · (Vindobona)

The contract of Peter Michaelis, Chairman of The State Holding Company OIAG, expires in June 2011. There is disagreement over the succession in the government.

Michaelis Leaves Austria's State Holding Company / Picture: © Reuters

After ten years, Peter Michaelis is leaving the Österreichische Industrieholding AG (ÖIAG); therefore as of January a successor must be found. That he would run for the position again was definitely denied. A consultancy is to deal with the call for tender for the position. The holding is to stay with a one-member board.

Recently, Michaelis was subject to severe criticism,…

This article includes a total of 177 words.

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