Austrian Airlines

euro adhoc: Austrian Airlines AG
Management Changes
Supervisory Board decides to advertise two additional Board of Management positions

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In its meeting held  today,  the  Supervisory  Board  of  Austrian   Airlines  AG reached a decision to advertise two new positions  on   the  company's  Board  of Management in accordance with the Law on Staffing. Under the overall  leadership of CEO Alfred Ötsch and in addition to CFO Thomas Kleibl, the existing Board  of Management will acquire two new members as a result of the change.

Working on the strength of recommendations made in an analysis   carried  out  by the consultancy Directure, the Supervisory Board decided that Austrian  Airlines will be managed in future by a Board of Management consisting  of  four  people. Dr. Peter Michaelis, Chairman of the Supervisory  Board  of  Austrian  Airlines, made the following comment: "There are benefits of reuniting Technical   Services and Operations under the overall management of just one person  -  the  COO.  In addition to this, we believe that  for  a   service  provider  such  as  Austrian Airlines, it is both  sensible and  forward-looking  to  assign  the  field  of marketing and sales (Commercial) a separate member of the  Board  of  Management to cover the market side of our business.  The  increasingly  aggressive   market environment and ever more complex nature of the airline business  also  need  to be reflected in our management structure through their own member of the  Board. This will also create the best possible conditions for  ensuring  AUA  continues to function as an independent company from its small domestic market."

As a result of the change, two additional Board of Management positions will  be advertised, for the Commercial  (CCO)  and   Operations  (COO)  Divisions.  Human resources consultant Spencer Stuart has  been  commissioned  to  carry  out  the search for both new positions. Following expiry of the application  deadline  of four weeks, the positions will both be filled as quickly as possible.

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ots Originaltext: Austrian Airlines
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Tel.: 051766-11231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 13311

Branche: Air Transport
ISIN:      AT0000620158
WKN:        875224
Index:    WBI, ATX Prime, ATX
Börsen:  Wiener Börse AG / official market

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