At Monday’s meeting, OMV’s Board of Supervisors appointed Alfred Stern as chairman of the company’s Executive Committee and CEO since September 1, 2021, replacing Rainer Seele.

According to an OMV statement, Alfred Stern accepted the appointment. He will take office on September 1, 2021 and will have a three-year term, with the possibility of extension for another two years, subject to mutual agreement.

The current Chairman of the Executive Committee and Director General of OMV, Rainer Seele, will resign from his position in the Executive Committee, by mutual agreement, on August 31, 2021.

Alfred Stern (56) is currently a member of the OMV Executive Committee for Chemicals and Materials.

“I would like to thank all the members of the Supervisory Board for the constructive discussions in recent weeks. My special thanks go to Rainer Seele for his achievements in reshaping the company. Together with his team on the Executive Committee, he has firmly realigned OMV’s portfolio, growing profits and setting the base for the transformation that takes place. The acquisition of Borealis also meant that it took the first important, remarkable step in this transformation process,” said Mark Garrett, chairman of the Board of Supervisors. OMV.

In his turn, Alfred Stern gave assurances that he will continue the steps for the further growth of the company.