René Benko’s bankrupt company Signa cannot escape the turbulence. As has now become known, entrepreneur Karin Exner-Wöhrer and real estate expert Michael Mitterdorfer have resigned from their new supervisory mandate after just a few days. The reason they cited today was “different opinions about the organization of the work and the tasks of the supervisory board” at Signa Development and Signa Prime.
“It is desirable, also in view of Austria’s reputation as a business location, that the quota of creditors envisaged in the restructuring plans is reached. We wish everyone involved the best of luck,” the two short-term commissioners said in a broadcast on Tuesday morning.
“Understandable decision”
A spokesperson for the curator of Signa Holding, Christof Stapf, said today that they regretted the “understandable decision”. Whether and, if so, how the two vacant supervisory positions are filled is the responsibility of the responsible committees. It remained unclear whether an extraordinary general meeting would be convened again. Stapf is currently investigating how to proceed.
The new Development and Prime boards were only presented last Friday. At Signa Development, real estate expert Markus Neurauter replaced renovator Erhard Grossnigg and Herwig Teufelsdorfer took over the management of Signa Prime. Both started their new jobs immediately.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
