OMV News, January 9, 2018 - 03:45 pm (CET)
In today’s meeting, the Supervisory Board of OMV Petrom S.A. appointed Christina Verchere (46) as the new President of the Executive Board and Chief Executive Officer (CEO) of OMV Petrom. In line with OMV Petrom’s articles of association, the appointment has been made for the remaining term of the mandate granted to Mariana Gheorghe, until April 16, 2019. Christina Verchere accepted her appointment and she will assume the position depending on her availability, at the latest with effect from May 21, 2018.
Prior to the Supervisory Board meeting today, Mariana Gheorghe waived her mandate as President of the Executive Board and CEO of OMV Petrom. Her waiver shall become effective on the date when her successor takes office, but in any event on May 20, 2018, at the latest.
During the next months, Christina Verchere and Mariana Gheorghe will work closely together to ensure a smooth transition and to help the company reach its growth potential and achieve its ambitious objectives.
Rainer Seele, President of the Supervisory Board of OMV Petrom S.A. and CEO of OMV Group: “Christina Verchere is an exceptional leader in the oil and gas industry, with a remarkable breadth of understanding of the business. We are delighted that she joins OMV Group as the CEO of our most important subsidiary, OMV Petrom S.A.. Christina Verchere’s selection came after a comprehensive assessment of internal and external candidates led by the Supervisory Board. In the past decade, OMV Petrom has transformed into an international competitive and highly profitable company under the leadership of Mariana Gheorghe. We would like to express our gratitude for Mariana Gheorghe’s leadership and strong performance dedicated to OMV Petrom during the past 12 years.”
Mariana Gheorghe, CEO and President of the Executive Board of OMV Petrom S.A.: “After 12 tremendously intense years with OMV Petrom I consider it is the right time to leave and for Christina Verchere and a new generation of leaders to continue to build a great company. I am honored to have been involved in the transformation of OMV Petrom and developing its growth potential.”
Christina Verchere, the designated CEO and President of the Executive Board of OMV Petrom S.A., on her appointment: “OMV Petrom is an outstanding company with huge potential, broad expertise and first class staff. I am delighted to take on this responsibility and excited about moving to Bucharest.”
After her studies in Economics at the University of Aberdeen, Scotland, Christina Verchere started her career in 1993 and has spent over 20 years with an oil and gas supermajor, where she held numerous leadership positions in the UK, the US as well as in Canada. Since 2014 she has been the Regional President of the Asia Pacific region, located in Jakarta, Indonesia.
OMV is producing and marketing oil & gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 19 bn and a workforce of around 22,500 employees in 2016, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria and a balanced international portfolio. 2016 daily production stood at approximately 311,000 boe/d. In Downstream, OMV has an annual refining capacity of 17.8 mn tonnes and more than 2,000 filling stations in ten countries as of June 2017. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany. In 2016, gas sales volumes amounted to 109 TWh.
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