VERBUND AG: Managing Board Newly Appointed

In today's session, the Supervisory Board of stock-listed company VERBUND AG, chaired by Gilbert Frizberg, newly appointed four five-year-period Managing Board positions of Austria's leading electricity company and one of Europe's largest hydropower producers. The positions had been officially posted on 16 January.

Gilbert Frizberg says: "The new appointment has taken place with a view to the expiry of the existing terms of office and against the backdrop of the energy challenges facing the Group. We are convinced that we can again fill the Managing Board with excellent experts."

Three of the existing Members of the Board of VERBUND AG were reappointed unanimously for the five-year period from 1 January 2014.
The Board of Finance was newly appointed, also unanimously. The Board Team is composed of the following persons:

Wolfgang Anzengruber as Chairman of the Board

Johann Sereinig as Deputy Chairman of the Board

Günther Rabensteiner as Member of the Board

Peter Kollmann: the fifty-year-old Austrian-born new Member of the Board was appointed Chairman of the Board of Finance. After his university education in Vienna and London he was active from the beginning in countries outside Austria. His most recent position, held since 2006, was that of Vice-Chairman Corporate & Investment Banking EMEA at Merrill Lynch in Frankfurt. 

About VERBUND
VERBUND is Austria's leading electricity company and one of the largest producers of electricity from hydropower in Europe. The company generates more than four fifths of its electricity from hydropower, supplemented by thermal power and wind power. With all interests included, VERBUND tends to more than four million electricity customers and deals in power trading in 19 countries. In 2011, VERBUND with its approx. 3,000 employees achieved an annual turnover of 3.9 million Euro.
Together with our subsidiaries and partners, we cover all sectors of energy supply – from the production, transportation and distribution of electricity right through international sales and marketing. Since 1988, VERBUND has been listed on the stock exchange; 51 % of the share capital is owned by the Republic of Austria.
Further information: www.verbund.com

For questions please contact:

VERBUND AG, Office of the Chairman of the Supervisory Board
Dr. Gilbert Frizberg, Chairman of the Supervisory Board
Tel. +43 (0) 50 313-53793
hermine.pachovsky@verbund.com