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    OMV CEO to step down July 2022

Summary

Rainer Seele expanded the company's gas and petrochemicals businesses.

by: William Powell

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Complimentary, Natural Gas & LNG News, Corporate, Corporate governance, News By Country, Austria

OMV CEO to step down July 2022

The chairman of the executive board and CEO of OMV, Rainer Seele, will not seek a one-year extension of his term of office beyond June 30, 2022, ending seven years at the company's helm. He informed OMV's supervisory board of his decision on April 26.

Seele, who had been the head of German BASF's oil and gas subsidiary Wintershall since 2009, succeeded Gerhard Roiss at OMV July 1, 2015, During his time, he maintained good relations with Russian exporter Gazprom as a gas importer and co-financier of Nord Stream 2 – Wintershall and Gazprom had a gas marketing operation, Wingas – and expanded the company's exploration and petrochemicals businesses.