Image: Sparkasse Oberösterreich
The Sparkasse Oberösterreich is expanding its board of directors. As of January 1, 2024, Manuel Molnar and Martin Punzenberger will join the board. The bank announced this on Wednesday evening after a meeting of the supervisory board.
This will increase the board from three to four members, after it had been reduced in the meantime after ex-CEO Michael Rockenschaub retired at the end of 2019. The current decision with the generation change is “a powerful sign for the continuation of the quality and growth strategy,” said Supervisory Board President Rudolf Kraus.
Molnar succeeds Herbert Walzhofer on the board, whose contract expires at the end of the year and, as reported, will not be extended. Walzhofer sat on a board ticket that Erste Bank was able to fill. With the change in ownership, however, the possibilities of influence change. The Sparkassen-Aktienverwaltung Oberösterreich has bought shares from Erste, has a three-quarters majority and will increase this to 90 percent by 2026.
Molnar not only takes over Walzhofer’s agendas (private and business customers, freelancers), but also real estate business, private banking and wealth management. The 40-year-old sports scientist is currently the deputy head of the Oberbank.
Punzenberger complements the Management Board in the areas of back office. The 52-year-old lawyer currently heads the office of the board of directors of the Sparkasse with the topics of law and compliance and is also responsible for the further development of the bank with regard to sustainability.
The contracts of CEO Stefanie Christina Huber and board colleague Maximilian Pointner run until December 31, 2027 and 2025, respectively.
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