Austrian pension company APK Pensionskasse AG has announced that its founding member, Dr. Helmut Kapl, has died.

Kapl was a hugely influential figure in the occupational pensions sector in Austria, founding APK Pensionskasse AG in 1989.

He served as chair of the board from its founding until 2002, playing a crucial role in shaping the company.

APK said Kapl laid the foundation for its success with his professional excellence, analytical thinking, and tireless dedication.

His influence extended beyond APK, with Kapl being a pioneer of the modern Austrian pension system.

He played a crucial role in developing the framework that continues to shape occupational pensions in Austria.

Kapl contributed his knowledge and expertise to the drafting of the Pension Fund Act, helping to create a system that benefits generations of workers.

“Those who worked with Helmut Kapl valued not only his exceptional professional expertise, but also his integrity, reliability, and willingness to generously share his knowledge,” APK stated.

“He was a respected adviser, a wise conversationalist, and a person who, with his thoughtful and approachable manner, fostered trust and provided guidance.

“With the passing of Dr. Helmut Kapl, APK Pensionskasse AG has lost one of its founding fathers and key figures.

“His contribution to the development of our company and the establishment of the Austrian pension fund system will be unforgettable.

“The foundations he laid and his ideas continue to have an impact today and will inform future generations as well.

“Our deepest sympathies go out to his family, his friends and all who were close to him.”

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