OMV Chief Does Not Seek Another Term of Office

Alfred Stern will only remain Chairman and CEO of OMV until the end of August 2026. The 60-year-old announced on Tuesday that he will not extend his position beyond the current period. Stern, who previously led the OMV chemical daughter Borealis, took over the position as OMV CEO on 1 September 2021. At that time he was awarded a three-year contract with an extension option for another two years with bilateral approval. Stern had only moved into…

The 59-year-old Styrian headed the board of directors of the oil and chemical group since 2021.

As of September 2021, Alfred Stern was appointed Chairman of the Board of Management of OMV. He will not extend his mandate.

OMV CEO Alfred Stern has announced to Supervisory Board Chairman Lutz Feldmann that he will no longer be available for another Executive Board mandate. Stern's current term of office will run until August 31, 2026. Read more OMV needs new CEO

The Chairman of the Management Board and CEO of OMV Aktiengesellschaft, Alfred Stern, today informed Supervisory Board Chairman Lutz Feldmann that he would not be available for a possible re-appointment. The current term of office is therefore due to expire as of August 31, 2026. Information on the succession planning will be announced in due course. LUTZ FELDMANN, SUPERVISOR OF OMV AKTIENGesellschaft: "Alfred Stern has initiated the biggest tra…