Changes in the OMV Executive Board
In today’s meeting, the Supervisory Board of OMV Aktiengesellschaft has appointed Reinhard Florey, OMV Chief Financial Officer, as Executive Board Member responsible for the Energy segment on an interim basis. Effective January 1, 2023, he will assume this role additionally to his Chief Financial Officer function until a permanent appointment has been made for this position.
The current Executive Officer Exploration & Production Johann Pleininger will resign from his position in the Executive Board by mutual agreement effective December 31, 2022.
Mark Garrett, Chairman of the OMV Supervisory Board: “Johann Pleininger has been at OMV for more than 45 years and on the OMV Executive Board since 2015. I would like to thank Johann Pleininger for his significant contribution he has made to OMV's success. Under his leadership, the Exploration & Production segment has developed not only into a highly profitable international business segment, but also into an industry pioneer in innovation and digitalization.”
With Group sales revenues of EUR 36 bn and a workforce of around 22,400 employees in 2021, OMV is amongst Austria’s largest listed industrial companies.
In Chemicals & Materials, OMV through its subsidiary Borealis, is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. Together with its two major joint ventures – Borouge (with ADNOC, in the UAE and Singapore) and Baystar™ (with TotalEnergies, in the USA) – Borealis supplies products and services to customers across the globe. OMV’s Refining & Marketing business produces and markets fuels as well as feedstock for the chemical industry, operates three refineries in Europe, and holds a 15% stake in a refining joint venture in the UAE. OMV operates around 1,800 filling stations in ten European countries. In addition, the activities include Gas & Power Eastern Europe where it also operates a gas-fired power plant in Romania. In Exploration & Production, OMV explores and produces oil and gas in the four core regions of Central and Eastern Europe, Middle East and Africa, North Sea, and Asia-Pacific. Average daily production in 2021 included production from a joint venture in Russia and amounted to 486,000 boe/d with a focus on natural gas (~60%). As of March 1, 2022, Russian entities are no longer consolidated. Its activities include Gas Marketing Western Europe, where it also operates gas storage facilities in Austria and Germany.
OMV intends to transition from an integrated oil, gas, and chemicals company to become a leading provider of innovative and sustainable fuels, chemicals, and materials, while taking a leading global role in the circular economy. By switching over to a low-carbon business, OMV is striving to achieve net zero in all three Scopes by 2050 at the latest.