A managing director must
- be of full legal age and capacity and have a minimum age of 24
- be an Austrian citizen or have an equivalent status due to EU law or an interstate treaty
- be domiciled in Austria or in another country whose nationals are treated equally to Austrians due to EU law or an interstate treaty
- be responsible and have the necessary capacity to act
If the managing director is a legal person, they must also
- be headquartered in Austria or in another country whose nationals are treated equally to Austrians due to EU law or an interstate treaty
- be a member of the body appointed as legal representative or be an employee who works in the company for at least half the regular weekly working hours stipulated by employment legislation
In a business partnership, managing directors must be personally liable partners who are authorised to act as managing directors and representatives of the partnership in the articles of partnership.
Managing directors may not have been excluded from exercising the concession. Grounds for exclusion are conviction for certain crimes and filing for bankruptcy or composition (Art. 54 (4) Vienna Electricity Act 2005).
If more than 100,000 customers are connected to the distribution network and if the distribution network operator belongs to an integrated power company, their independence must be secured by ensuring that
- the managing director does not belong to business units of the integrated electricity company that are directly or indirectly in charge of operations in the areas of electricity generation and supply
- the professional interests of the managing director are taken into consideration in such a way that their independence is ensured (particularly, the reasons for the dismissal of a managing director must be clearly outlined in the articles of association of the distribution network operator)