Alfred Stern, Chairman of the Executive Board and CEO of OMV Aktiengesellschaft, informed the Chairman of the Supervisory Board, Lutz Feldmann, that he will not be available for a possible reappointment.

His current term will therefore conclude as scheduled on August 31, 2026. 

Lutz Feldmann, Chairman of the Supervisory Board of OMV Aktiengesellschaft: “As CEO, Alfred Stern initiated the most extensive transformation in OMV’s corporate history. During his current term, he has pursued this path with consistency and remarkable success, achieving a series of historic milestones. I deeply regret his personal decision.

“With Alfred Stern, we are losing a CEO who has positioned the OMV Group for the future with a clear, forward-looking vision. I thank Alfred Stern for his exceptional leadership in times of great challenge.

“OMV has impressively succeeded in assuming a defining role in ensuring energy security, driving the energy transition and shaping industrial transformation, both nationally and internationally. I am looking forward to working with Alfred through the remainder of his tenure to ensure an orderly transition and wish him already now all the very best for the future.”

During his current tenure, Alfred Stern spearheaded and has been instrumental on OMV’s side in realizing the landmark transaction of Borouge Group International (BGI), in equal partnership with ADNOC. The establishment of a global polyolefin company, with an estimated enterprise value of USD 60 billion, marks a major leap in OMV’s chemicals strategy and provides an attractive future growth platform.