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Rainer Seele reappointed as CEO and Johann Pleininger as Board Member and Deputy Chairman of OMV

In today’s meeting, the Supervisory Board of OMV Aktiengesellschaft reappointed Rainer Seele (59) as the Chairman of the Executive Board and Chief Executive Officer of OMV. His term of office has thereby been extended by another two years to June 30, 2022, with an extension option for one additional year, subject to mutual consent. Rainer Seele has been Chairman of the Executive Board and Chief Executive Officer of OMV since July 1, 2015.

In the same Supervisory Board meeting, Johann Pleininger (57), Chief Upstream Operations Officer, was also reappointed as Executive Board Member and Deputy Chairman of the Board.  Johann Pleininger’s term of office has thereby been extended by another three years to August 31, 2023, with an extension option for two additional years, subject to mutual consent. Johann Pleininger has been a Member of the Executive Board of OMV, responsible for Upstream (Exploration & Production), since September 1, 2015.

Chairman of the OMV Supervisory Board, Wolfgang C. Berndt: “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%. The Supervisory Board looks forward to further cooperation with the Executive Board team, aiming to continue the profitable international growth path.”

Background information:

OMV Aktiengesellschaft
OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of more than 20,000 employees in 2018, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria as part of the Central and Eastern Europe core region as well as a balanced international portfolio, with Russia, North Sea, Middle East and Africa as well as Asia-Pacific as further core regions. 2018 daily production stood at approximately 427,000 boe/d. In Downstream, OMV operates three refineries with a total annual processing capacity of 17.8 mn tons and more than 2,000 filling stations in ten countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2018, gas sales volumes amounted to around 114 TWh. Sustainability is an integral part of the corporate strategy. OMV is set to invest EUR 500 mn in innovative energy solutions by 2025.