PRESS RELEASE 2010-12-16

Rupert Dollinger to join the Board of ERSTE Foundation

At yesterday’s annual meeting of the association DIE ERSTE österreichische Spar-Casse Privatstiftung the association’s president and chairman of the Supervisory Board of ERSTE Foundation, Karl Korinek, announced personnel changes in the Managing Board. In its next meeting, the Supervisory Board will bid farewell to Deputy Chairman Dietrich Karner, in accordance with regulations which provide for a mandatory retirement age of 72. Karner has been a member of the Board since 2005. In his place, Rupert Dollinger will be appointed to the Managing Board of ERSTE Foundation for five years.

Rupert Dollinger to join the Board of ERSTE Foundation Rupert Dollinger succeeds Dietrich Karner as member of the board of ERSTE Foundation

Dollinger was staff manager of Erste Bank der oesterreichischen Sparkassen AG for 18 years until June 2010 and of Erste Group Bank AG from 2007. Under his aegis as Chief Human Resources Officer, the bank developed into a Central European player. He is more than familiar with the international perspective of ERSTE Foundation and its commitment to people.

The mandates of ERSTE Foundation Board Members Andreas Treichl (chairman), Boris Marte and Richard Wolf (both have been members since 2008) will also be renewed for a period of five years.

ERSTE Foundation evolved from Erste Österreichische Spar-Casse in 2003.  As an Austrian savings bank private foundation, it is committed to charitable work and, at the same time, has a special responsibility as the major shareholder of Erste Group. It invests the income it receives from its shareholdings into social development in Austria and Central and South Eastern Europe.