Vienna Airport chief to resign

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Vienna Airport's chief executive Herbert Kaufmann is to resign at the end of this month "by mutual agreement".

The airport's supervisory board met yesterday to discuss the Austrian federal accounting office's draft report on the 'VIE-Skylink' terminal extension project, which has been beset by delays and cost overruns.

It concluded that management board members "did not violate any provisions of stock corporation law or criminal law", but elected to effect management changes nonetheless.

Supervisory board chairman Christoph Herbst has been appointed to succeed Kaufmann. He will serve from 1 January to 31 December 2011.

Herbst's current position will be suspended during this time, and its responsibilities taken over by supervisory board vice-chairman Karl Samstag.

Management board members Ernest Gabmann and Gerhard Schmid will remain in their positions until 31 December 2011.

Under a revised plan that was confirmed in December 2009, the VIE-Skylink terminal extension is due to commence operations in the first half of 2012. A budget of €830 million ($1.1 billion) has been allocated to the project.