Alfred Stern takes seat as OMV Executive Board member for Chemicals & Materials in April
Effective April 1, 2021, Alfred Stern heads the newly formed division Chemicals & Materials in his role as Executive Officer at OMV. He was appointed by the OMV Supervisory Board in February 2021 for a period of 3 years with an extension option of an additional 2 years.
With Alfred Stern, OMV has managed to bring on board a manager with a wealth of international experience in the chemicals industry, who has not only achieved an excellent positioning for Borealis’ polyolefin business in recent years but also evolved the company in the direction of a circular economy.
On April 1, 2021, the reorganization of the OMV Group approved by the Supervisory Board in February comes into force, which involves splitting and expanding the current area of Refining & Petrochemical Operations into two areas: Refining and Chemicals & Materials. This structural change facilitates the forward integration in the chemicals sector that has been underway ever since OMV acquired a majority stake in Borealis. With this change, OMV is consistently positioned across the entirety of its expanded value chain and can consolidate all relevant responsibilities for petrochemicals and chemicals in a single board division.
Also effective April 1, 2021, Thomas Gangl, currently OMV Executive Board member for Refining & Petrochemical Operations, takes over as Chief Executive Officer of Borealis.
The Executive Officer Refining will be filled at a later date. Until the new Executive Board Member is appointed, this area will be headed by Elena Skvortsova, Executive Officer Marketing & Trading, on an interim basis.
Alfred Stern CV
Alfred Stern was born in Styria (Austria) in 1965, he is married and father of two children.
|Since 2018:||Chief Executive Officer Borealis AG|
|2012 – 2018:||Borealis, Executive Vice President Polyolefins and Innovation & Technology|
|2008 – 2012:||Borealis, Senior Vice President Innovation & Technology|
|1996 – 2008:||E.I. DuPont de Nemours International, several leadership positions in Switzerland, Germany and the United States.|
|1995||University of Leoben, Polymer Engineering (PhD)|
|1990||University of Leoben, Material Science (Master)|
OMV produces and markets oil and gas, as well as chemical solutions in a responsible way and develops innovative solutions for a circular economy. With Group sales revenues of EUR 17 bn and a workforce of around 25,000 employees in 2020 (incl. Borealis), OMV is one of Austria’s largest listed industrial companies. In Chemicals & Materials, OMV, together with 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 the mechanical recycling of plastics. The company supplies services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with Total, based in the US). In Refining & Marketing, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and ADNOC Global Trading, with a total processing capacity of more than 500,000 bbl/d. Furthermore, OMV operates about 2,100 filling stations in ten European countries and runs gas storage facilities in Austria and Germany. In 2020, total natural gas sales volumes amounted to around 164 TWh. In Exploration & Production, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as core regions. Daily average production was 463,000 boe/d in 2020 with an emphasis on natural gas. Sustainability is an integral part of OMV’s corporate strategy. OMV supports the transition to a lower-carbon economy and has set measurable targets for reducing carbon intensity.