Alfred Gusenbauer is stepping down as chairman of the supervisory boards of two companies in the insolvent Signa Group. He was Chancellor of Austria from 2007 to the end of 2008.
Most recently he worked as a lobbyist and consultant. In the wake of the Signa company bankruptcies, the KaDeWe department store chain also had to file for bankruptcy. There is also no good news regarding the rescue plans for the Elbtower, an ambitious construction project by René Benko.