Austrian Post's board to be expanded to five directors

The managing board of Oesterreichische Post AG (Austrian Post) is likely to be expanded to five directors to allow responsibility for the company’s mail and package delivery divisions to be split between two board members, said the Austrian daily Die Presse.

The growing importance of Austrian Post’s packet delivery and marketing services makes it logical to establish this segment at the board level separately from the traditional mail segment, according to unnamed company sources cited by the paper.

The board of directors of the postal services company currently has four members, with one director responsible for both the mail and packet delivery segments.