Monday , June 21 2021

Gerhard Royce's departure to Verbund would not be surprising

Since April 2017, Georg Roiss is Chairman of the Verbund Supervisory Board. The withdrawal from the committee of the supervisory board seems fixed and would not be a surprise in the course of the state reform. Former ex-CEO of OMV is still on the board of directors of the Swiss Sulzer Group.

The unconfirmed withdrawal of Gerhard Roiss from the management of Verbund's supervisory board would not be a surprise, as ÖBAG (formerly ÖBIB) is also expected to see an increase in state influence.

With this reform, Finance Minister Hartvig Leger (ÖVP) wants to give the federal government a greater influence on the management of investment by state-owned companies. The new state holding company ÖBAG, which in the future will become a joint-stock company, should also be subordinate to Verbund.

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