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OMV: David Davies continues as CFO until 2014

April 7, 2009 - 12:00 am (CET)

On March 25, 2009, OMV announced the renewal of contracts of the Executive Board Members. In addition to the announcement of March 25, 2009, OMV notifies that David C. Davies accepted the offer to continue office. The appointment of Mr Davies thus continues up to March 31, 2014 whereby Mr Davies shall in addition be appointed deputy chairman of the Executive Board as of April 1, 2011.

Background information:

CV David C. Davies:
1978: Degree in Economics at the University of Liverpool
1978-1981: Trainee at Touche Ross & Co, Liverpool, and preparation work to become chartered accountant
1982-1983: Price Waterhouse, Milan, Italy - chartered accountant for Italian companies or Italian subsidiaries of international corporations
1983-1988: BOC Group Plc, a multinational UK company specialized on chemical gases and health services
1983-1984: Internal auditing
1984-1986: Financial director for the chemical business segment
1986-1988: Financial director for the health care segment
1988-1994: Grand Metropolitan Plc, an international group specialising in the highly branded consumer businesses of food, drinks and retailing
1988-1989: Commercial head of the business segment "New Retail Ventures"
1989-1991: Financial director for the segment "Restaurants Europe” in Munich
1991-1994: Group controller - Burger King Corporation, Miami Florida
1994: Financial director at International Distillers and Vintners, Asia
1994-1997: The Walt Disney Company – division manager responsible for finances and business development for the "European Retail Division"
1997-1999: Financial director at the London International Group Plc, a UK listed company focused on medical products
2000- March 2002: CFO at Morgan Crucible Company Plc, a UK listed company specialized on technical materials (ceramics, carbon, permanent magnet) with operations in more than 45 countries
Since April 1, 2002: CFO at OMV
David C. Davies was born in Liverpool in 1955. He is married and has three children.

OMV Aktiengesellschaft
With Group sales of EUR 25.54 bn and a workforce of 41,282 employees in 2008, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. As the leading energy group in the European growth belt, OMV is active in Refining and Marketing (R&M) in 13 countries. In Exploration and Production (E&P) OMV is active in 19 countries on four continents. In Gas & Power (G&P) OMV sells approximately 13 bcm gas per year. Via Baumgarten, one of the most important turntables for gas in Europe, approximately 66 bcm gas is transported annually. OMV’s Central European Gas Hub is amongst the three largest hubs in Continental Europe.

OMV is the leading energy group in the European growth belt with oil and gas reserves of approximately. 1.2 bn boe, daily production of around 317,000 boe and an annual refining capacity of approximately 26 mn t. OMV now has 2,528 filling stations in 13 countries. The market share of the group in the R&M business segment in the Danube Region is now 20%.

OMV further strengthened its leading position in the European growth belt through the acquisition of 41.58% of Petrol Ofisi, Turkey’s leading company in the retail and commercial business.

In June 2006, OMV has established the OMV Future Energy Fund, a wholly owned subsidiary to support projects in renewable energy with more than EUR 100 mn to initiate the change from a pure oil and gas group to an energy group with renewable energy in its portfolio.

OMV: Corporate Social Responsibility (CSR)
OMV is a member of the U.N. Global Compact and actively committed to the values enshrined in its Code of Conduct. These include a strong sense of responsibility towards the social and natural environment in economically weak regions. OMV works hard to address economic, environmental and social issues related to its operations. Its CSR activities are fully documented in biannual performance reports compiled according to Global Reporting Initiative guidelines.

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