The Supervisory Board of VERBUND AG filled the Executive Board positions, which had been publicly advertised on January 16, 2013, for a period of five years. Peter Kollmann was appointed as a new Executive Board member with responsibility for finance. The 50-year old Austrian has held various international positions with Merrill Lynch since 1995.

As CFO, he will be responsible for the Finance division; previously, Wolfgang Anzengruber was both CEO and CFO. The new contracts for Executive Board members run from January 1, 2014 until December 31, 2018.