Former Cerha Hempel Senior Partner Edith Hlawati has been appointed as the sole member of the Management Board of Oesterreichische Beteiligungs AG.
According to the firm, Hlawati will take up her new position on February 1, 2022, and will step down as a Partner of Cerha Hempel.
OEBAG is an independent holding company and manages eleven companies partially or fully owned by the Republic of Austria, with a total portfolio value of EUR 30.88 billion (as of June 30, 2021). It was founded in 1967 and has undergone several structural changes since then, with its current structure being in place since 2019.
Hlawati, who spent her entire professional life with Cerha Hempel, is described by the firm as having been "instrumental in laying the foundation for successfully developing the law firm's leading capital markets, banking, and M&A practice groups."
From 2003 to 2006 and again from 2010 to 2012, she served as the firm's Managing Partner. Since 2017, Edith Hlawati has been a Senior Partner.
Edith Hlawati is also the Chairwoman of the Supervisory Board of Telekom Austria AG, the Chairwoman of the Supervisory Board of Oesterreichische Post AG, and the Chairwoman of the Supervisory Board of Energie-Control Austria.
"We warmly congratulate our Senior Partner Edith Hlawati on this milestone in her career and wish her all the very best and much success in overcoming new challenges in the future," said Albert Birkner and Clemens Hasenauer, Managing Partners of Cerha Hempel. "We thank Edith Hlawati for the significant contribution she has made over many years to the development of Cerha Hempel. [Her] commitment both to quality and integrity has left an indelible mark on our firm."
Originally reported by CEE In-House Matters.
