Alfred Stern Takes Over from Rainer Seele as CEO of OMV

PeopleExecutives ♦ Published: August 31, 2021; 11:32 ♦ (Vindobona)

Effective September 1, 2021, Alfred Stern will assume the position as Chairman of the Executive Board and CEO of OMV, the Austrian oil and gas group.

Alfred Stern takes over as CEO of OMV. / Picture: © OMV Aktiengesellschaft

Stern was appointed by the OMV Supervisory Board in June 2021 for a three-year period with an extension option for further two years subject to mutual consent.

Alfred Stern is currently OMV Executive Board member for Chemicals & Materials. His Executive Board responsibility remains with Alfred Stern for the time being.

The current Chairman of the Executive Board and CEO of OMV Rainer Seele resigns from his position in the Executive Board by mutual agreement today.

OMV stands on the cusp of a major transformation in the direction of chemicals and a circular economy. A transformation in which a large portfolio will need to be managed across a far-reaching value chain – from the wellhead to the refinery and filling station to high-end chemicals & materials and recycling.

Alfred Stern's specialist expertise as well as his international management and CEO experience in the chemical industry make him the ideal candidate to lead this transformation, according to OMV. In recent years, Alfred Stern and his team have not only secured an excellent market position for the Borealis polyolefin business, but also overseen the company’s evolution towards a circular economy

About Alfred Stern

Alfred Stern was born in 1965 in Styria (Austria), is married and a father of two children.

  • Since 2021: OMV, Member of the Executive Board for Chemicals & Materials.
  • 2018 - 2021: Borealis AG, Chief Executive Officer
  • 2012 - 2018: Borealis AG, Member of the Executive Board for Polyolefins and Innovation & Technology.
  • 2008 - 2012: Borealis AG, Senior Vice President Innovation & Technology
  • 1996 - 2008: E.I. DuPont de Nemours International, various management positions in Switzerland, Germany and the USA
  • 1995 University of Leoben: Doctor of Mining Sciences (PhD)
  • 1990 University of Leoben: Plastics Technology (Master)

About OMV

OMV produces and markets oil and gas, as well as chemical solution concepts and develops innovative solutions for a circular economy. With consolidated sales of EUR 17 billion and an employee headcount of around 25,000 (incl. Borealis) in 2020, OMV is one of the largest listed industrial companies in Austria.

In Chemicals & Materials, OMV, together with its subsidiary Borealis, is one of the world's leading suppliers of advanced and circular polyolefin solutions and the European market leader in basic chemicals, plant nutrients and mechanical recycling of plastics.

In Refining & Marketing, OMV operates three refineries in Europe and holds a 15% stake in ADNOC Refining and ADNOC Global Trading, with a total capacity of more than 500,000 bbl/d.

The company operates about 2,100 service stations in ten European countries.

OMV has gas storage facilities in Austria as well as Germany.

In 2020, OMV sold approximately 164 TWh of natural gas.

In Exploration & Production, OMV has a strong base in Central and Eastern Europe and a balanced international portfolio with Middle East & Africa, North Sea, Russia and Asia Pacific as core regions. In 2020, average daily production was 463,000 boe/d with a focus on natural gas production.