Hannes Androsch died at the age of 87

The industrialist and former SPÖ top politician Hannes Androsch died unexpectedly on Wednesday at the age of 86. This was announced by the Androsch Private Foundation. “Our thoughts are with his grieving relatives,” the foundation said. Androsch was SPÖ finance minister at the time and was considered the “heir apparent” to SPÖ Chancellor Bruno Kreisky before he fell from grace and began a second career as an industrialist.

• Interview from the archive (August 2023): “We are making a policy against our grandchildren”

Androsch was one of the most colorful personalities in local politics. He was Austria’s youngest finance minister in Bruno Kreisky’s government. For a long time he was considered Kreisky’s crown prince until the two fell out. After his involuntary departure from politics, Androsch first became general director of the Creditanstalt and later an entrepreneur.

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