Borealis announced that H.E. Khadem Al Qubaisi, Managing Director of the International Petroleum Investment Company (IPIC) and Chairman of the Board of Aabar Investments, has been re-elected Chairman of the Borealis Supervisory Board.
Dr. Gerhard Roiss, CEO of OMV and Vice Chairman of the Borealis Supervisory Board, handed over his position as member of the Borealis Supervisory Board to Manfred Leitner, member of the OMV Executive Board, responsible for Refining & Marketing. This is due to a shift in responsibilities at OMV, as Manfred Leitner is in charge of the Downstream Business of OMV since Gerhard Roiss has become CEO of OMV on April 1, 2011. Furthermore Gerhard Roiss will hand over his function as Vice Chairman of the Borealis Supervisory Board to David C. Davies, OMV Deputy Chairman of the Executive Board, responsible for Finance. The company would like to express its appreciation to Dr. Roiss for his support over many years.
All changes effective from February 21, 2012.