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Tumpel-Gugerell Won´t Head VBAG´s Supervisory Board

Published: April 25, 2012; 13:43 · (Vindobona)

Gertrude Tumpel-Gugerell will not become chairwoman of the Austrian bank VBAG as planned.

Tumpel-Gugerell Won´t Head VBAG´s Supervisory Board / Picture: © Vindobona.org

"There is a change to one of the nominations," a bank spokesman said, confirming a report by the Austria Press Agency.

European Central Bank had refused to waive "cooling off" restrictions for former officials that prevent Tumpel-Gugerell, a former ECB executive board member, from joining a bank supervisory board before July. One source close to the situation said however that…

This article includes a total of 131 words.

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