OMV reappoints CEO and deputy chairman

Austrian oil company OMV has reappointed its chief executive officer (CEO) and deputy chairman to new terms in office.

Reiner Seele at a meeting with the President of Russia; Image source: Government of Russia

OMV said on Wednesday that the supervisory board of the company reappointed Rainer Seele as the chairman of the executive board and CEO of OMV.

His term of office has been extended by another two years until June 30, 2022, with an extension option for one additional year, subject to mutual consent. He has been the chairman and CEO of OMV since July 1, 2015.

Also, chief upstream operations officer Johann Pleininger was also reappointed as an executive board member and deputy chairman of the board.

His term of office has been extended by another three years until August 31, 2023, with an extension option for two additional years, also subject to mutual consent.

He has been a member of the executive board of OMV, responsible for Upstream – exploration, and production, since September 1, 2015.

Chairman of the OMV supervisory board Wolfgang C. Berndt said: “OMV has delivered an exceptional performance in recent years. This is the result of the new strategic direction adopted by the executive board, coupled with a sustained cost reduction that has led to record earnings.

“Since 2015, the adjusted operating result has more than doubled, and the production volume increased by 40 percent. The supervisory board looks forward to further cooperation with the executive board team, aiming to continue the profitable international growth path.”


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Posted on September 12, 2019 with tags , .

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