OMV on Monday appointed Emma Delaney, beforehand prospects and merchandise govt vice chairman (EVP) at BP PLC, as Alfred Stern’s substitute and the Austrian state-backed vitality firm’s first feminine chief govt officer (CEO).
Stern, OMV CEO since September 2021, will conclude his mandate August 31 as beforehand introduced, OMV confirmed in a web based assertion Monday. Stern had waived his probability for reappointment final yr.
OMV’ supervisory board has now formalized Delaney as chair of the chief board and CEO for 3 years from September 1. Delaney’s time period is extendible by two years.
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“With Emma Delaney, we’re gaining a famend worldwide govt from the vitality sector who will additional strengthen OMV with recent momentum throughout a interval of profound transformation”, stated Lutz Feldmann, chair of OMV’s supervisory board. “Because of her skilled experience and in depth worldwide expertise, she clearly emerged as the popular candidate from the search course of, through which she additionally impressed us together with her persona”.
As EVP of BP’s “prospects and merchandise” section, Delaney oversaw the British vitality big’s advertising and marketing, retailing and oil buying and selling actions.
“I stay up for working with the group to proceed to construct the following chapter in OMV’s story”, Delaney stated.
Delaney’s takeover follows the current launch of OMV and Abu Dhabi Nationwide Oil Co’s (ADNOC) enlarged polyolefins three way partnership. Borouge Group Worldwide AG (Borouge Worldwide) is “the world’s main pure-play polyolefins firm and fourth-largest polyolefins producer with premium merchandise, pioneering expertise and a world footprint”, OMV and ADNOC stated in a joint assertion Might 31. Borouge Worldwide merged OMV-ADNOC joint ventures Borealis GmbH and Borouge PLC and bought NOVA Chemical compounds Corp.
Stern had “spearheaded” the merger, OMV stated Might 20, 2025 saying Stern’s resolution to not renew his time period.
Delaney left BP below a brand new management. On April 1, Meg O’Neill, earlier CEO of Australia’s Woodside Power Group Ltd, changed Murray Auchincloss as CEO. Auchincloss resigned after about two years, having taken over from Bernard Looney in 2023.
BP has but to substantiate Delaney’s substitute.
Additionally on Monday OMV’s supervisory board prolonged chief monetary officer (CFO) Reinhard Florey’s time period by two years with an choice for a further one-year extension. Florey has additionally been appointed deputy chair of the chief board.
Earlier this month Borouge Worldwide appointed Patrick Jany, former govt vice chairman and CFO of AP Moller-Maersk, as CFO efficient Might 1.
“Patrick joins Borouge Worldwide with greater than three many years of worldwide finance management throughout industrial, logistics, and chemical companies. With 20 years’ CFO expertise in publicly listed firms, he brings deep monetary experience and a disciplined strategy to capital administration”, stated a press release posted by OMV April 15.
To contact the writer, e-mail jov.onsat@rigzone.com
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