Hannes Roither, Palfinger’s head of investor relations, told Cranes Today, “Verbund approached Wolfgang Anzengruber after we had both agreed to renew his contract. It’s the biggest energy company in Austria, with a market capitalisation of EUR18bn, so it’s a great opportunity for him. It is in many ways an honour to us that they would approach our CEO. We will be sad to lose him, but we intend to release him from the new contract.”