EANS-News: AUSTRIAN POST IMPLEMENTS A LEAN STRUCTURE

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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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THREE-PERSON MANAGEMENT BOARD IN THE FUTURE ? WALTER HITZIGER RESIGNS HIS BOARD
MANDATE

Personnel

Vienna, December 17, 2018 - Today's meeting of the Supervisory Board of Austrian
Post resolved to downsize the Management Board from four to three members, and
also specified the accompanying reassignment of responsibilities. Mail and
parcel logistics operations will be merged. The Supervisory Board has agreed
with Walter Hitziger, Director of the Mail & Branch Network Division, on a
consensual termination of his Management Board mandate. Accordingly, Walter
Hitziger will resign from his board position effective at the end of 2018. The
Supervisory Board would like to thank Walter Hitziger for his accomplishments at
Austrian Post over the past fourteen years.

Redistribution of responsibilities

The responsibilities of Walter Hitziger will be reassigned to the remaining
three Management Board members. CEO Georg Pölzl will take charge of the Branch
Network business area. The future Deputy CEO Walter Oblin will serve as head of
the Letter Mail and Direct Mail Division and the related Group companies
alongside his previous responsibilities. In addition to his position as Director
of the Parcel & Logistics Division, Management Board member Peter Umundum will
also be in charge of the logistics operations in the mail and parcel segments.

Based on the outstanding performance of its mail and parcel businesses, the
declared goal of Austrian Post is to leverage additional synergies in the new
structure as a means of further expanding its quality leadership on the Austrian
mail and parcel markets.

"In spite of declining letter mail volumes, our core mail operations comprise a
highly profitable line of business on strong pillars even before exploiting the
targeted additional synergies, and is also an exemplary model in Europe, both in
its product structure as well as in production and logistics", states CEO Georg
Pölzl in acknowledging what has been accomplished. "I would like to thank my
colleague Walter Hitziger for all his achievements relating to the development
of Austrian Post during his cooperation with me over the years", he adds.

"Thanks to the reallocation of business areas within a smaller Management Board,
we will succeed in leveraging additional synergies and offering an extensive
mail and parcel product portfolio at a top quality to our customers", emphasizes
Edith Hlawati, Chairwoman of the Supervisory Board.

Further inquiry note:
Austrian Post
Ingeborg Gratzer
Head of Press Relations & Internal Communications
Tel.: +43 (0) 57767-32010
ingeborg.gratzer@post.at

Austrian Post
Harald Hagenauer
Head of Investor Relations, Group Auditing & Compliance
Tel.: +43 (0) 57767-30400
harald.hagenauer@post.at

end of announcement euro adhoc
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issuer: Österreichische Post AG
Rochusplatz 1
A-1030 Wien
phone: +43 (0)57767-0
FAX:
mail: investor@post.at
WWW: www.post.at
ISIN: AT0000APOST4
indexes: ATX
stockmarkets: Wien
language: English

Original-Content von: Österreichische Post AG, übermittelt durch news aktuell