OMV appoints executive board member for refining and petrochemical operations

OMV appoints executive board member for refining and petrochemical operations
Published: 29 May 2019 - 3 a.m.
By: Martin Menachery
Manfred Leitner, the OMV executive board member responsible for downstream, announced that for personal reasons he will not be available for a further term as member of the executive board.

In parallel, the OMV supervisory board has decided on a new organisational structure for OMV Group, foreseeing a split of the downstream business. In future, downstream will be divided into refining and petrochemical operations, and marketing and trading, thereby focusing on expansion and optimisation of assets and maximising the company's market presence. This positions OMV’s organisation consistently along the value chain and ensures its preparedness for tackling strategic challenges in the future.

The supervisory board of OMV Aktiengesellschaft unanimously appointed Thomas Gangl (47) as executive board member for refining and petrochemical operations. This appointment will take effect on 1 July 2019. A resolution passed at the same time calls for Rainer Seele, OMV chairman of the executive board and CEO, to take over management of the marketing and trading division on an interim basis until a permanent appointment has been made for this newly established executive board position. Leitner will resign as executive board member on 30 June 2019.

Wolfgang Berndt, chairman of the OMV supervisory board, said: "Manfred Leitner has been at OMV for 34 years and on the executive board since 2011. I would like to thank Manfred Leitner for his outstanding performance and the contribution he has made to OMV's success. Under his leadership, OMV downstream has developed into a role model for the industry. By appointing Thomas Gangl, we are placing the responsibility for our refining and petrochemical operations in the hands of a manager with decades of leadership experience in this field. His expertise in technology and innovation will drive OMV's growth going forward."

Gangl can look back on two decades of professional experience at OMV. Born in Upper Austria in 1971, he is married and has one son.

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