FACC Reeling in Shock After Firing of CEO

Austrian aviation group FACC is going through a lot of change at the moment. After discovering in January, that due to embezzlement the company account had been drained of millions of euros, the CFO was sacked in February. Now the supervisory board, manned mostly by Chinese who control the company, decided to give the sack to the founder and CEO Walter Stephan. This came as a huge shock to the staff.

Markets

EVN Expands Drinking Water Segment in Lower Austria

May 25
Listed energy supplier EVN is expanding its potable water segment in Lower Austria, the management announced during the half-annual press conference. The company advocates a strong stabilization of power grids.

Daily News Briefings for Austria's English-speaking Business and Diplomatic Community

FriedlNews is Austria's trusted, indispensable source of English-language news and analysis for the powerful network of international professionals and expats in business, finance, investment, politics and diplomacy.

Sign up for our free Newsletter and to read articles for free.

Markets Data

FriedlNet.com Market Reports

The Company, Industry and Market Research Reports Store

FriedlNet.com is a leading provider of market research and strategic business intelligence.

Visit our online store to get instant access to a collection of research from some of the world´s premier market research and associated firms in more than 100 industry segments.

www.friedlnet.com