Alfred Stern Leaves OMV in Summer 2026: End of an Era of Change

OMV CEO Alfred Stern withdraws from Austria's largest industrial group with the end of his contract in August 2026. The disappearance of the quiet worker comes as a surprise. He did not succeed in the great transformation of the company.

VIENNA. Managing a tanker such as the energy and chemical company OMV with 23,600 employees and almost 34 billion euros annual turnover requires a lot of skill, know-how and strength. Especially if this tanker is in very restless conditions.

Alfred Stern Leaves OMV in Summer 2026: End of an Era of Change

Alfred Stern, CEO and Chairman of the Executive Board of OMV, will not extend his contract beyond August 31, 2026. The 60-year-old top manager announced this decision to the Chairman of the Supervisory Board, Lutz Feldmann. This marks the end of a term of office characterized by far-reaching strategic upheavals, geopolitical challenges, and ambitious sustainability goals.