Alfred Stern remains only CEO and CEO of the OMV until the end of August 2026. The 60-year-old announced on Tuesday that he will not extend his position after the current period.
Stern, who led the OMV chemical daughter Borealis, took on the task as OMV CEO on 1 September 2021. At that time he received a three-year contract with an extension option for two more years on both sides. Stern was only moved to the OMV sign on April 1, 2021. He was responsible for the area of chemicals and materials.
Starts the backlog of the stern
Lutz Feldmann, chairman of the Supervisory Board of the OMV, commented as follows on the decision of Stern: “Alfred Stern, as CEO, initiated the greatest transformation in the business history of the OMV. In his current term of office, he consequently and with considerable success in historic milestones. I am very sorry.”
Star full of “pride and respect”
Stern himself said about his step: “Together with my colleagues on the board and our human resources, we pursued the common goal of reinventing Essentials for a sustainable life – always with the focus on our customers and their security security. Our transformation is on course and we have reached a new, pioneering milestones.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
