Dr. Othmar Ederer is the new President of the Austrian Insurance Association; his mandate will start on July 1st, 2016

2 June 2016 — Daniela GHETU
Mag. Dr. Othmar EDERER, Chairman of the Board and General Director of Graz Mutual Insurance Aktiengesellschaft, was unanimously appointed by the Board of the Austrian Insurance Association (VVO) as Chairman. His mandate will become effective starting July 1st.

Mag. Dr. Othmar EDERER succeeds to the former VVO Chairman, Gunter GEYER, Chairman of the VIENNA Insurance Group's Supervisory Board, whose mandate expires.

The VVO's Executive Committee sits on 1 July 2016 the following members:
  • President CEO KR Mag. Dr. Othmar EDERER, Grazer Wechselseitige Versicherungsaktiengesellschaft
  • Vice President CEO KR Gunter Geyer, WIENER STaDTISCHE WECHSELSEITIGER , Versicherungsverein - Vermogensverwaltung VIG 
  • CEO Alfred Leu, Generali Versicherung AG 
  • Chief Executive Dr. Wolfram Littich, Allianz Elementar Versicherungs-Aktiengesellschaft CEO KR Hartwig Loger, UNIQA Versicherungen AG Austria
According to Bloomberg, Dr. Othmar Ederer served as Chairman of the Board and General Director at Grazer Wechselseitige Versicherung Aktiengesellschaft and has been its General Manager since September 2000.

Dr. Ederer's career development include: From December 1975 to May 1978, Scientific assistant Karl Franzens University Graz, Department for statistics and econometrics and Department for industrial manufacturing economy.

He held postions at Grazer Wechselseitige Insurance Group since April 1984 including: Assistantder Geschaftsleitung Assistant to the Board from April 1984 to April 1985 and Head of Property Insurance from May 1985 to January 1992. He served as Project Manager of the cooperation project with Daimler Benz, for the production of jeeps ("G"); Head of the Organization Department; Deputy Director of the section motorized two-wheeler.

Dr. Ederer served as an Executive Vice President of Mitglied des Vorstandes from November 1997 to September 2000. He served as the Head of Sales Finished Products at Metzeler Schaum, Memmingen, Germany from January 1983 to March 1984. He served as First Deputy Chairman of the Supervisory Board at Hypo Alpe-Adria-bank International Ag (now known as Heta Asset Resolution AG) until April 23, 2009. He has been a Director of Grazer Wechselseitige Versicherung Aktiengesellschaft since 1986. He serves as a Member of Supervisory Board at Styria Media Group AG. Dr. Ederer also serves as a Member of the Supervisory Board at Steirerobst Ag. He served as Member of Supervisory Board at Landes-Hypothekenbank Steiermark AG. Dr. Ederer served as a Member of the Supervisory Board at Hypo Alpe-Adria-Bank D.D. from March 26, 2009 to April 27, 2010. He served as Mitglied des Vorstandes Member of the board since April 1986.

Dr. Ederer education includes: graduated in May 9, 1969; Master of Social and Economic Science from Karl Franzens University, Graz in July 2, 1975 and Doctor of Social and Economic Science from Karl Franzens University, Graz in November 24, 1977.

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