Hannes Androsch, a significant figure in Austrian politics, passed away at 86, as announced by his foundation. Known as a key player in the Socialist Party and former Minister of Finance and Vice Chancellor, he transitioned to a successful industrial career after leaving politics in 1981. Despite facing legal challenges, including tax evasion and perjury, he made notable business achievements. Born in 1938, Androsch is remembered for his outspoken nature and influence in both politics and industry.
The Legacy of Hannes Androsch: A Political Pioneer
Hannes Androsch, a prominent figure in Austrian politics during the post-war era, has passed away at the age of 86. His private foundation announced the news on Wednesday, expressing condolences to his grieving family. Androsch’s death occurred at the Vienna AKH, marking the end of an influential life dedicated to public service and industrial innovation.
A Journey from Politics to Industry
Once revered as the “crown prince” of the Austrian Socialist Party (SPÖ) under Chancellor Bruno Kreisky, Androsch held the position of Minister of Finance before transitioning to a successful career as an industrialist. He first entered the National Council in 1967, and by 1970, at just 32 years old, he was appointed Minister of Finance, quickly becoming a key player in Austrian politics.
In 1976, Androsch ascended to the role of Vice Chancellor, solidifying his reputation as a rising star. However, his relationship with Kreisky soured over time, leading to his resignation from political life in 1981, a decision influenced by mounting disagreements and political tensions. Despite his claims of having no ambition for the Chancellorship, Androsch faced scrutiny for potential conflicts of interest that ultimately led to his exit from politics.
Following his departure, Androsch faced legal challenges, including a conviction for tax evasion, which he characterized as a case of “political justice.” Nevertheless, he rebounded to become the General Director of Creditanstalt, although his tenure there was cut short due to a conviction for perjury.
Androsch then embarked on a successful industrial career, notably purchasing the struggling state circuit board company AT&S in 1994 and taking it public. His business ventures expanded, including the acquisition of a saltworks, earning him the moniker “Salt Baron of Altaussee.” Despite some failed acquisition attempts, he remained a vocal critic of political decisions, especially during the COVID-19 pandemic, where he openly critiqued the government’s handling of relief measures.
Born on April 18, 1938, in the “red” district of Floridsdorf, Androsch’s political journey began early in his life. He led the Socialist Middle School Students in 1953 and later the VSStÖ. After earning his degree from the University of World Trade, he joined the SPÖ parliamentary club, paving his way into the National Council before the age of thirty.
Hannes Androsch is survived by his wife and three children, leaving behind a complex legacy as a politician and entrepreneur who was never afraid to voice his opinions until the end of his life.