Austrian Post reduces Supervisory Board

Austrian postal company Oesterreichische Post AG (OePO) will reduce the number of positions in its supervisory board to 11 members from 12, sources close to the company said on April 26, 2005.

The position in the supervisory board has been vacant since September 2004 when Dieter Seegers-Krueckeberg, 61, resigned.

Seegers-Krueckeberg plans to take over the management position in his own package delivery company, Red Parcel Post AG, at the end of 2006.

The new company was established in Germany in 2005.

In 1997, Seegers-Krueckeberg withdrew from German Deutsche Post after disagreements with the board chairman, Klaus Zumwinkel.

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