OMV announces new CEO and organisational structure of its Turkish operations

May 25, 2011 - 11:00 am (CET)

Today, OMV Chief Executive Officer Gerhard Roiss announced Gülsüm Azeri as new CEO of OMV’s Turkish operations including Petrol Ofisi as of July 1, 2011. Mrs. Azeri has a good track record in leading various global acting companies.

Commenting on Mrs. Azeri’s appointment, Gerhard Roiss said: "I am delighted that Gülsüm Azeri will join Petrol Ofisi as Chief Executive Officer. She brings a wealth experience and expertise to this role, which will complement the existing set of skills of the Executive Board. I look forward to her contribution and input as we further develop OMV’s strategic review for Turkey."

Gülsüm Azeri said: "I am excited by the prospect of taking on the challenge of becoming Chief Executive Officer as of July 1, 2011. My background and experience are a very relevant fit for this role and I look forward to working with Gerhard Roiss and his team as we set about our future path for profitable growth."

Melih Türker, Chief Executive Officer of Petrol Ofisi since 2007, will leave the company after a structured hand over period. "We want to thank Melih Türker for his commitment to Petrol Ofisi, which he has positioned as clear market leader in the retail and wholesale business, especially in challenging times", Roiss stated.

Related to the corporate structure in Turkey, OMV decided to pool its power generation as well as power and gas sales and logistics activities in Turkey under a Turkish Gas and Power Holding which is currently in the process of being established. Petrol Ofisi will continue to focus on its core strengths, in particular the marketing and wholesale of refined oil products. The new Turkish Gas and Power Holding’s parent company will be OMV Enerji Holding A.Ş. which is also the majority shareholder of Petrol Ofisi A.Ş.

Curriculum Vitae Gülsüm Azeri
In major part of her carreer Mrs. Gülsüm Azeri has taken top Executive positions in Şişecam; between 1994 and 1998 she was Group President of Chemicals in Şişecam, between 1999 and 2007 she was Glassware Group President of Şişecam, between 2007 and 2011 she was Flat Glass Group President of Şişecam. During the years 1994 and 2011 she has been an Executive Committee Member of Şişecam.

Mrs. Azeri was elected Chairwoman of the FEVE (Federation Europeenne du Verre D’emballage) Glassware Tableware Committee in 2004 and held this position until 2008. Between 2009 and 2011 she acted as a member of the Board of Glass for Europe, an association of European flat glass producers.

Gülsüm Azeri has been a Board Member of İstanbul Chamber of Industry (ISO), a member of ISO Assembly and Chairwoman of ISO Vocational Committee, Executive Board Member of Turkish Exporters’ Assembly (TIM), President of the Central Anatolian Cement and Soil Exporters’ Union, Board Member and Executive Committee Member of DEIK (Foreign Economic Relations Council of TOBB, the Union of Chambers and Commodity Exchanges of Turkey). Since 2005 she is representing private sector in the Ethic Council of Prime Ministry of Turkey, appointed by the Government of Turkey. Mrs. Azeri was elected Member of the Board of THY (Turkish Airlines) on April 8, 2011.

Gülsüm Azeri is a graduate of Bosphorus University Chemical Engineering Department, she has finished her Master of Science studies in Industrial Engineering of Bosphorus University. She speaks fluent English and German due to her highschool education in Robert College (American College for Girls) and in Sankt Georg Austrian Highschool.

Background information:

OMV Aktiengesellschaft
With Group sales of EUR 23.32 bn and a workforce of 31,398 employees in 2010, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Exploration and Production, OMV is active in two core countries Romania and Austria and holds a balanced international portfolio. OMV had proven oil and gas reserves of approximately 1.15 bn boe as of year-end 2010 and a production of around 318,000 boe/d in 2010. In Gas and Power, OMV sold approximately 18 bcm of gas in 2010. In Refining and Marketing, OMV has an annual refining capacity of 22.3 mn t and as of year-end 2010 approximately 4,800 filling stations in 13 countries including Turkey. In Austria, OMV operates a 2,000 km long gas pipeline network with a marketed capacity of around 89 bcm in 2010. With a trading volume of around 34 bcm in 2010, OMV’s gas trading platform, the Central European Gas Hub, is amongst the most important hubs in Continental Europe. OMV further strengthened its position through the ownership of a 96% stake in Petrol Ofisi, Turkey’s leading company in the retail and commercial business.

Under its 3plus strategy, OMV combines the strengths of its E&P, G&P and R&M business units in order to ensure that it provides the best possible supply service to its three core markets of Central and Eastern Europe, Southeast Europe and Turkey. OMV uses the synergies that result from the combination of these strengths to extend its supply chain from oil and gas through to electricity and eventually renewable energy.

Sustainability
OMV is a signatory to the UN Global Compact, and an active supporter to the values enshrined in its Code of Conduct. These include a strong sense of responsibility towards the social and natural environment, especially in economically weak regions. OMV continuously addresses economic, environmental and social issues related to its business in a responsible manner. The company reports on its activities in a sustainability report in accordance with the Global Reporting Initiative Guidelines.

Next result announcement: January – June and Q2 2011 on August 10, 2011.