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Former Finance Minister Schelling to Be Appointed to OMV Supervisory Board

Published: April 25, 2019; 15:57 · (Vindobona)

Former ÖVP finance minister Hans Jörg Schelling is to move into the supervisory board of the partly state-owned OMV. Various media report that this is being done at the request of senior government officials.

Former finance minister Schelling to become OMV supervisory board member / Picture: © Wikimedia Commons / Franz Johann Morgenbesser (Schelling Hans-Jörg-9619, Created: 3 May 2015) / [CC BY-SA 2.0]

As reported in the daily newspaper "Die Presse", five new members are to join OMV's supervisory board.

In addition to Hans Jörg Schelling, these are Vienna Insurance Group CEO Elisabeth Stadler, Thomas Schmid, head of Österreichische Beteiligungs AG (Öbag), Tyrolit Managing Director Christoph Swarovski and Lenzing CEO Stefan Doboczky.

According to the Kronenzeitung, Schelling receives the mandate as compensation for the fact that he had to make way as Minister Hartwig Löger.

The final decision will be made at the OMV Annual General Meeting on 14 May.

Since ÖBAG and the Arab holding company Mubadala (formerly Ipic) together hold the majority there, this is probably only a formality.

The proposal, which was drawn up by ÖBAG and approved by the current OMV Supervisory Board these days, should therefore be waved through without any problems, writes "Die Presse".

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