The members not only have management experience, but also location knowledge and technical expertise in digitization, technology and innovation

ÖBAG has restructured the membership of its Investment Committee. The members are Henrietta Egerth-Stadlhuber, Susanne Halusa and now also Edeltraud Stiftinger, Gabriel Felbermayr and Maximilian Schnödl. With these five members, ÖBAG has appointed persons with expert knowledge of Austria and its economy, as well as investment and management experience and also expertise in the fields of digitalization, technology and innovation. For the first time, women outnumber men on the Committee.
 

The new members of the ÖBAG Investment Committee

• Henrietta Egerth-Stadlhuber, Managing Director of the Austrian Research Promotion Agency (Österreichische Forschungsförderungsgesellschaft, FFG)
• Gabriel Felbermayr, Director of the Austrian Institute of Economic Research (Österreichisches Institut für Wirtschaftsforschung, WIFO)
• Susanne Halusa, Managing Director Seibel Consulting
• Maximilian Schnödl, Chairman of Board of Directors Springbrook Software, USA
• Edeltraud Stiftinger, Managing Director of Austria Wirtschaftsservice Gesellschaft mbH (AWS)

 
The new appointments were necessary, because the mandates of the previous members – Wolfgang Anzengruber, Klemens Breuer, Stefan Hamm, Michael Mendel and Pål Raaum – expired.  “I would like to express my sincere thanks to the five previous members for contributing their expertise, hard work and commitment,” said ÖBAG CEO Edith Hlawati, who is also very pleased about the new members that “joined the Committee to provide their support”.
 

Background

The ÖIAG Act also provides for ÖBAG to enter into new equity investments in addition to managing the portfolio of investees and working to safeguard Austria’s position as a business and research venue. The principal aim in this context is to support the growth of companies of significance for Austria’s economy by acquiring minority shareholdings, providing finance or guarantees – if such support is desired. Only companies with a functioning business model are eligible for investment, ideally from future-oriented industries such as green and climate technologies. Such investments require the evaluation and approval of an Investment Committee. The members of the Investment Committee have been appointed by the Management Board of ÖBAG – with the approval of the Chairperson of the Supervisory Board.