Josef Taus, a prominent Austrian industrialist and former ÖVP leader, has passed away at the age of 91. Born in 1933 in Vienna, Taus rose from humble beginnings to become a key figure in both politics and business.

He served as ÖVP chairman from 1975 to 1979, challenging Bruno Kreisky for the chancellorship but ultimately losing twice.

After leaving politics, Taus excelled in the corporate world, founding the Management Trust Holding (MTH) to revive struggling companies.

While he achieved success with firms like Libro, his efforts to save KTM motorcycles fell short.

Taus’s career was marked by his ability to bridge the worlds of economics and governance, leaving a lasting impact on Austria’s political and business landscapes.