OMV appoints Alfred Stern as new CEO

New OMV Chairman of the Executive Board and CEO with effect from September 1, 2021. Appointed for 3 years with an extension option for a further 2 years.

The Supervisory Board of OMV Aktiengesellschaft appointed Alfred Stern as the new Chairman of the Executive Board and CEO of OMV. Stern will assume the position with effect from September 1, 2021 for a three-year period with an extension option for further two years subject to mutual consent, according to a press release.

Alfred Stern is currently OMV Executive Board member for Chemicals & Materials. The current Chairman of the Executive Board and CEO of OMV Rainer Seele will resign from his position in the Executive Board by mutual agreement on August 31, 2021.

“OMV stands on the cusp of a major transformation in the direction of chemicals and a circular economy. A transformation in which a large portfolio will need to be managed across a far-reaching value chain (...) His [Alfred Stern’s] specialist expertise as well as his international management and CEO experience in the chemical industry make him the ideal candidate to lead this transformation,” commented on the appointment Mark Garrett, Chairman of the Supervisory Board of OMV.

“The energy transition will lead to changes in the backdrop of the various markets and sectors, but they will be different and come at different speeds. We will actively drive the decarbonization of our business, and we will be proactive in utilizing the respective changes across the entire product portfolio including circular economy in order to successfully continue our profitable and sustainable growth”, said CEO-elect Alfred Stern.