The Borealis Supervisory Board has announced the appointment of Thomas Gangl (49) as new CEO of Borealis AG, effective 1 April 2021. Thomas Gangl succeeds Alfred Stern (56), who assumes the role of OMV’s Executive Board member for Chemicals & Materials.

 

With Thomas Gangl, Borealis gains an exceptional manager and expert from among OMV’s ranks. With over 20 years of experience in OMV, Thomas Gangl has not only played a significant part in shaping the refining and petrochemicals business in the OMV Group but more recently was also responsible for establishing chemical recycling and thereby laying the foundation for OMV’s circular economy strategy.

 

During his 13 year tenure at Borealis, Alfred Stern has successfully proven visionary leadership by driving Borealis’ transformation from a virgin polyolefins producer to a leading provider of advanced and circular polyolefin solutions, and firmly establishing the company as an innovation and technology leader. He has led Borealis on the way to become a purpose-driven organization, significantly growing enterprise value, while further expanding its geographical footprint in North America.