Bloomberg News

Ex-ECB Board Member Tumpel-Gugerell to Head Volksbanken Board

April 03, 2012

Gertrude Tumpel-Gugerell, a former member of the European Central Bank’s executive board, may be appointed president of the supervisory board of Oesterreichische Volksbanken AG (VBPS) at the bank’s next general assembly, replacing Hans Hofinger, Wiener Zeitung reported. Former Bawag board member Stefan Koren may be named chief executive officer, the newspaper said.

Volksbanken was bailed out earlier this year by the Austrian government.

To contact the reporter on this story: James Kraus in London at

To contact the editor responsible for this story: Angela Cullen at

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