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Nowotny Remains Governor of OeNB

Published: January 7, 2013; 18:53 · (FriedlNews)

According to insiders, Ewald Nowotny will be re-elected as governor of Austrian National Bank (OeNB).

 

Nowotny became governor of OeNB in September 2008. Now, the economist and former CEO of Bawag is expected to be re-elected. However, Nowotny is said to resign prematurely. Nowotny´s successor may be the former ECB board member Gertrude Tumpel-Gugerell.

Besides that, Kurt Pribil is said to enter OeNB´s board of directors. At the moment, Pribil acts as director at FMA (Financial Market Authority). Insiders report that Finance Minister Maria Fekter has rejected Pribil´s contract extension at FMA. Peter Zöllner will leave OeNB´s board of directors and will switch to BIS, market rumors say.