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OMV: Gerhard Roiss along with David C. Davies reconfirmed to the Board

Gerhard Roiss, Chairman of the Executive Board and Chief Executive Officer of OMV Aktiengesellschaft, along with David C. Davies, Deputy Chairman of the Executive Board and Chief Financial Officer, have been reconfirmed to the Board.

 

The Supervisory Board of OMV Aktiengesellschaft and the respective Executive Board members have agreed on the extension of the mandates and contracts of Gerhard Roiss, Chairman of the Executive Board and CEO, and David C. Davies, Deputy Chairman of the Executive Board and CFO, until March 31, 2017. The contractual period reflects the intention of Mr. Roiss and Mr. Davies to step down from their posts on the OMV Executive Board after a further three years.

Gerhard Roiss has been on the OMV Executive Board since 1997 and has held the position of Deputy Chairman of the Executive Board since 2002 and CEO since 2011. David C. Davies was appointed as the CFO of OMV in 2002.

About OMV Aktiengesellschaft
With Group sales of EUR 42.65 bn and a workforce of around 29,000 employees in 2012, OMV Aktiengesellschaft is Austria’s largest listed industrial company. 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 1.12 bn boe as of year-end 2012 and a production of around 303,000 boe/d in 2012. In Gas and Power, OMV sold approximately 437 TWh of gas in 2012. In Austria, OMV operates a 2,000 km long gas pipeline network with a marketed capacity of around 103 bcm in 2012. With a trading volume of around 528 TWh, OMV’s gas trading platform, the Central European Gas Hub, is amongst the most important hubs in Continental Europe. In Refining and Marketing, OMV has an annual refining capacity of 22 mn t and as of the end of 2012 approximately 4,400 filling stations in 13 countries including Turkey. OMV further strengthened its position through the ownership of a 97% stake in Petrol Ofisi, Turkey’s leading company in the retail and commercial business.

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