VIENNA, April 27, 2026 Verbund CFO Kollmann moves to Bank of America Peter Kollmann, the deputy chairman and finance director of Austrian energy company Verbund, will leave his position on August 31 to join Bank of America as Vice Chair EU and Country Executive for Germany and Austria.
Leadership Transition at Verbund
Verbund, Austria’s leading electricity provider, announced that its long-serving finance director, Peter Kollmann, will depart the company at the end of August after 13 years in the role. Kollmann, who also serves as deputy chairman of Verbund’s board, will take on a high-profile position at Bank of America, overseeing operations in Germany and Austria while holding the title of Vice Chair EU.
The company has already begun searching for a successor to fill Kollmann’s role as CFO. If a replacement is not secured by August 31, Verbund’s chairman, Michael Strugl, will assume the finance director responsibilities on an interim basis. Kollmann has committed to ensuring a smooth transition before his departure.
Kollmann’s Dual Roles and Legacy
In addition to his executive duties at Verbund, Kollmann chairs the supervisory board of Austrian Power Grid (APG), a wholly owned subsidiary of Verbund responsible for managing Austria’s high-voltage transmission network. His leadership at APG has been integral to the country’s energy infrastructure development.
Kollmann’s 13-year tenure at Verbund included navigating significant industry shifts, including the transition to renewable energy and the company’s expansion into European markets. His departure marks the end of an era for the utility giant, which now faces the challenge of filling a key leadership role amid ongoing energy sector transformations.