Audit office criticizes salary hike for WKO banking chief Landrichtinger

Austria's Court of Audit has sharply criticized a significant salary increase granted to Eva Landrichtinger, the newly appointed head of the banking division at the Austrian Federal Economic Chamber (WKO). The audit report, released last week, flagged a lack of transparency and questioned the justification for the compensation package, particularly in light of Landrichtinger's qualifications and experience.

The controversy stems from Landrichtinger's appointment to the leadership of the WKO's banking sector, effective November 2025, and her subsequent salary adjustment. While the WKO stated she was classified appropriately based on her role, the audit report noted that her resume did not clearly demonstrate specific industry knowledge or experience relevant to the banking sector. This has led to accusations of a "scandal" from some quarters, while others defend her.

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With her experience and analytical approach, she will effectively support the strategic work of the division.

Landrichtinger, a lawyer, brings a background in politics and administration, having served in various high-level positions within ministries and the chancellery. Her previous roles include chief of staff for ministers and governors, and head of cabinet for Martin Kocher, the current governor of the Austrian National Bank and former Minister of Economy. Supporters, including Michael Höllerer, chairman of the banking division and CEO of Raiffeisen Bank International, praised her experience and analytical approach, suggesting she would bring "new perspectives" during challenging economic and regulatory times.

However, critical voices within the industry have pointed to "little professional expertise" and strong connections within the conservative Austrian People's Party (ÖVP). The Court of Audit's report specifically noted an "extraordinary reclassification" of her salary approximately one month after her employment began. The audit's findings contribute to a broader critique of the WKO, which the report describes as "too intransparent, too bloated, too expensive," raising questions about the compensation practices for its top officials.

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Little professional expertise, super connections in the ÖVP.