Changes in the OMV Executive Board
- Martijn van Koten to add Marketing & Trading to remit
- Elena Skvortsova to leave OMV Executive Board
In today’s meeting, the Supervisory Board of OMV Aktiengesellschaft decided that Martijn van Koten will assume responsibility for the Marketing & Trading division in addition to his Refining remit with effect from November 1, 2022. At the same time, Martijn van Koten was selected as OMV Executive Board member for the new Fuels & Feedstock division, in which the Refining and Marketing & Trading divisions will be merged with effect from January 1, 2023.
Elena Skvortsova, currently Executive Board member for Marketing & Trading, will leave the OMV Executive Board by mutual agreement as of October 31, 2022.
Mark Garrett, Chairman of the OMV Supervisory Board, “The refineries are key in the energy transition and in the transformation of the company. The focus of the refineries will increasingly be on producing sustainable fuels as well as raw materials for the chemical industry playing therefore a key role in the circular economy. I am delighted that Martijn van Koten will be taking on this role. His international experience in the refinery and chemicals sector as well as his consistent focus on markets and customers make him the ideal choice for this position”.
Mark Garrett continued, “I would like to sincerely thank Elena Skvortsova for her contribution to developing the Marketing & Trading division into a market and customer focused organization. She and her team launched first sustainable fuels for B2B customers, including sustainable aviation fuel. Under Elena’s leadership, the division further advanced and modernized the filling stations’ product and service offering with a clear customer focus. This lays the groundwork for the filling station network of the future, which will increasingly offer sustainable fuels, including in the B2C segment, as well as significantly expand charging infrastructure for e-mobility”.
Background information:
OMV Aktiengesellschaft
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.