CEO of Austrian Post resigns

Austrian Post announces that Anton Wais has resigned his position as Chairman of the Management Board and Chief Executive Officer of Austrian Post for health reasons effective March 31, 2009.

Austrian Post has announced that Anton Wais has resigned from his position as chairman and CEO for health reasons.

Wais informed the Supervisory Board of his decision at a meeting on 2 March, announcing that he will step down at the end of the month.

Subject to the approval of the Supervisory Board, the duties and responsibilities of Wais will be assumed on an interim basis as of 1 April by Rudolf Jettmar, chief financial officer and deputy chairman of the Management Board.

The Supervisory Board will search immediately for a successor of Wais in accordance with the legal guidelines of the Public Appointment Act.

Wais was appointed on 1 July 1999. The legal independence of Austrian Post in 1999 and the subsequent restructuring of the company took place during his term of office. He also laid the groundwork for the international expansion of the Group and finally the successful IPO in the spring of 2006.

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