Alfred Stern has been appointed as the new Chairman of the Executive Board and CEO of Austrian multinational integrated oil, gas and petrochemical company OMV. He will assume the position with effect from September 1, 2021, for a three-year period with an extension option for a further two years subject to mutual consent.
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,” said Mark Garrett, Chairman of the Supervisory Board of OMV. “A transformation in which a large portfolio will need to be managed across a far-reaching value chain – from the wellhead to the refinery and filling station to high-end chemicals & materials and recycling. I am happy that, in this decisive phase for the company, we have managed to bring on board Alfred Stern as CEO. His specialist expertise as well as his international management and CEO experience in the chemical industry make him the ideal candidate to lead this transformation. In recent years, Alfred Stern and his team have not only secured an excellent market position for the Borealis polyolefin business but also overseen the company’s evolution towards a circular economy”.