Supervisory Board
The Supervisory Board guides the company’s direction with experience and oversight. They support strategic decisions, appoint and monitor the Executive Board and help ensure long-term, responsible growth.
The Supervisory Board consists of nine members. The current mandate of the Supervisory Board started in April 2025. Members of the Supervisory Board:
Alfred Stern (1965) – Member and President of the Supervisory Board
Alfred Stern is the Chairman of the Executive Board and Chief Executive Officer of OMV AG since September 2021. Prior to joining the OMV Group in April 2021 as a Board member for Chemicals and Materials, he had been the CEO of Borealis since July 2018. During his tenure of 14 years, Alfred Stern held a series of other executive positions at Borealis, latterly as a Board member for Polyolefins and Innovation & Technology. He started his career at DuPont de Nemours, leading to extensive international experience in Switzerland, Germany, and the US across the spectrum of Research and Development, Sales and Marketing, and Quality and Business Management. Alfred Stern studied at the Montanuniversität Leoben in Austria. He holds a PhD in material science and a Master in polymer engineering and science.
Alfred Stern was appointed as member and President of OMV Petrom Supervisory Board as of September 1, 2021.
Martijn Arjen van Koten (1970) – Deputy President and Member of Supervisory Board
Martijn Arjen van Koten was born in the Netherlands, where he studied Chemical Engineering at Delft University of Technology. He began his professional career at Shell in 1994, taking on several management and technical positions in the refining and downstream business in the UK, Germany and the Netherlands. Starting 2004, Martijn Arjen van Koten assumed Manufacturing Site General Manager positions at Shell in Sweden and Singapore, before becoming Vice President Manufacturing East & Middle East in Singapore in 2009 and Vice President Supply & Distribution Americas in the United States in 2013. In 2013, Martijn Arjen van Koten joined Borealis as Executive Board Member Operations, HSE & PTS in Austria. From 2018 to June 2021, he was Borealis Executive Board Member Base Chemicals & Operations in Austria. Martijn van Koten was a member of the OMV Board of Directors since July 1, 2021, being responsible for the division Refining until January 1, 2023. Since January 1, 2023, he is responsible for the division Fuels & Feedstock. He is married and has two daughters. Martijn Arjen van Koten was appointed as member of OMV Petrom Supervisory Board as of August 1, 2021.
Christine Catasta* (1958) – Member of the Supervisory Board
Christine Catasta holds a graduate degree and a doctorate from Vienna University of Economics & Business. She is a tax advisor and certified public accountant. Christine Catasta was CEO and Senior Partner at PwC Austria and member of the supervisory board at Austrian Airlines AG and Telekom Austria AG. She is currently, among others, member of the Supervisory Board at Erste Group Bank AG and chairwoman of the risk committee and member of the supervisory board at Banca Comerciala Romana S.A. and member of the audit committee.
Christine Catasta was appointed as member of OMV Petrom Supervisory as of April 28, 2025.
Berislav Gaso (1974) - Member of the Supervisory Board
Berislav Gaso holds a master's degree in Mechanical Engineering from the Technical University of Munich, Germany, and a PhD in Business Administration from the University of St. Gallen, Switzerland. Berislav Gaso has held various management positions in the MOL Group after working as a junior partner at McKinsey & Company. Most recently, he was Executive Vice President in charge of MOL Group’s Exploration & Production Division. On March 1, 2023, Berislav Gaso assumed his role as a member of the Executive Board of OMV Aktiengesellschaft, where he is responsible for the Energy Division.
Berislav Gaso was appointed as member of OMV Petrom Supervisory Board as of March 17, 2023.
Katja Tautscher (1972) – Member of the Supervisory Board
Katja Tautscher graduated in law (Magister iuris) from University of Vienna, Law Faculty, Vienna, Austria and holds an executive MBA from INSEAD. She is a qualified solicitor in Austria since 2001 and admitted as a solicitor in England and Wales since 2005. From 1996 to 2006 she worked in different positions in prestigious law firms such as Clifford Chance (Düsseldorf), Allen & Overy (London, UK), Wolf Theiss (Vienna, Austria and Ljubljana, Slovenia). Her most recent position was as Chief Legal and Compliance Officer of Borealis AG, Vienna, Austria, and since June 2022, Katja Tautscher became the SVP General Counsel of OMV Group.
Katja Tautscher was appointed as member of OMV Petrom Supervisory as of January 1, 2023.
Jochen Weise* (1956) – Member of Supervisory Board
Jochen Weise graduated in Law from the Universities of Bochum and Bonn, Germany, where he also received his PhD. He holds a non-executive position as Senior Advisor Energy Infrastructure Investments to Allianz Capital Partners in London since November 2010. Previously, he was Supervisory Board member of Verbundnetzgas AG in Leipzig, Germany between December 2014 and June 2022, member of the Management Board, between April 2004 and August 2010, Executive Vice President Gas Supply & Trading, between January 2003 and March 2004, at E.ON Ruhrgas AG, and Director Commercial Sales at Deutsche Shell GmbH, between April 1998 and December 2001.
Jochen Weise was appointed as member of OMV Petrom Supervisory Board as of 1 November 2016.
Răzvan-Eugen Nicolescu* (1978) – Member of Supervisory Board
Răzvan-Eugen Nicolescu graduated from the Power Engineering Faculty of Politehnica University of Bucharest. He also completed various economic studies, being a graduate of the MBA program of Solvay Brussels School – Economics and Management, as well as of an executive course on corporate governance at Harvard Business School. Răzvan-Eugen Nicolescu is a recognized specialist in the energy field, with a solid experience in both private and public sector. He was Director for Regulatory and Public Affairs of OMV Petrom S.A. between 2008-2014, Chairman and Vice-chairman of the European Union Agency for the Cooperation of Energy Regulators (ACER) between 2010-2016, as well as Minister of Energy in Romania in 2014, without being a member of any political party. Between February 2015 and April 2021, Răzvan-Eugen Nicolescu has been Partner – Energy Resources and Sustainability Industry Leader of Deloitte Central Europe. Since May 2021, he has been member of the Governing Board of the EIT – European Institute for Innovation and Technology, being appointed by the European Comission.
Răzvan-Eugen Nicolescu was appointed as member of OMV Petrom Supervisory Board as of April 28, 2021.
Sorin-Dumitru Elisei (1977) – Member of Supervisory Board
With over 18 years of experience in the energy sector, Sorin Elisei has coordinated national and international projects, as well as studies, analyses, projects and strategies in the field of energy and climate change such as defining and implementing decarbonisation strategies, defining energy transition plans, as well as implementing ESG factors in business development plans. He graduated in Journalism and Communication Science from University of Bucharest and an Executive Management Programme from London School of Business and Finance. Sorin Elisei also completed various courses, trainings and seminars in the energy sector and from 2007 he worked in different management positions in companies active in the energy sector. His most recent position was as Director within the energy and sustainability specialized practice at Deloitte Romania. Since February 2024, he became General Director, General Directorate for Energy Policies and Green Deal within the Ministry of Energy.
Sorin-Dumitru Elisei was appointed as member of OMV Petrom Supervisory Board as of April 24, 2024.
Teodora Elena Preoteasa* (1984) – Member of the Supervisory Board
Teodora Preoteasa is an accomplished public policy strategist and senior executive with over 15 years of high-level experience in European funds management, international negotiations, and strategic investment programming. She currently serves as Director of the European Funds Administration Directorate at the Investment and Development Bank of Romania and previously Teodora held different positions within Romania’s Ministry of Investments and European Projects. Her governance expertise extends to board-level roles in major institutions, including ROMATSA, and EXIMBANK’s Interministerial Committee.
She is also an Associate Lecturer at the Bucharest University of Economic Studies, where she mentors students in European funds management and public policy. Teodora has a bachelor’s degree in "Communication and Public Relations", psychology, management, marketing from Lucian Blaga University, Sibiu and holds academic credentials in Communication, Public Relations, Managerial Communication, and European Integration from top Romanian institutions and has pursued specialized training with the European Investment Bank, World Bank, and international organizations.
A passionate advocate for female empowerment and inclusive growth, Teodora is committed to shaping policies that drive innovation, sustainability and socio-economic cohesion. She is also a dedicated mother of three.
Teodora Elena Preoteasa was appointed as member of OMV Petrom Supervisory as of April 28, 2025.
*Independent member as per personal assessment, by reference to the criteria provided by the Companies’ Law no. 31/1990, as supplemented and adjusted by the Bucharest Stock Exchange Corporate Governance Code.
Organization & Functioning
The Supervisory Board consists of nine members appointed by the General Meeting of Shareholders for a four-year mandate (except of interim members who may be appointed by the Supervisory Board until the next General Meeting of Shareholders). The current mandate of the Supervisory Board started in April 2025.
The Supervisory Board meets whenever necessary, but at least once every three months. The Supervisory Board may hold meetings in person or by telephone or video conference. At least five of the Supervisory Board members must be present or represented for resolutions to be validly passed. The decisions of the Supervisory Board shall be validly passed by the affirmative vote of the majority of the members present or represented at such Supervisory Board meeting. In the event of parity of votes, the President of the Supervisory Board shall have a casting vote. In urgent cases, the Supervisory Board may take decisions by circulation, without an actual meeting being held, by the majority of votes. The President shall decide on whether issues are of an urgent nature.
Attributions & Responsibilities of the Supervisory Board
The Supervisory Board has the following main attributions:
- to supervise the management of the Company by the Executive Board that runs the day to day business of the Company;
- to appoint and revoke the members of the Executive Board;
- to submit to the GMS a report concerning its supervision activity;
- to verify the reports of the members of the Executive Board;
- to verify the Company’s annual separate and consolidated financial statements;
- to propose to the GMS the appointment and the revocation of the independent financial auditor, as well as the minimum term of the audit contract;
- to approve other specific major operations, transactions, investments, etc. as set out in the company’s internal regulations.
Attributions and responsibilities of the Supervisory Board are further detailed in the Articles of Association, as well as in Supervisory Board Internal Rules, both corporate documents being approved by the General Meeting of Shareholders.
Committees
Apart from the plenary Supervisory Board, two committees are set up:
The Supervisory Board has established an Audit Committee.
The Audit Committee’s main role is to oversee the financial and sustainability reporting, internal control and risk management frameworks, internal and external audit processes, as well as the framework for ensuring the Company’s compliance with applicable laws and regulations.
The attributions and responsibilities of the Audit Committee are further detailed in the Audit Committee’s Terms of Reference as approved by the Supervisory Board.
Members:
The Audit Committee is composed of six members appointed by decision of the Supervisory Board from among its members, namely:
- Jochen Weise* (President and Member)
- Christine Catasta* (Deputy President and Member)
- Răzvan-Eugen Nicolescu* (Member)
- Katja Tautscher (Member)
- Sorin-Dumitru Elisei (Member)
- Teodora Elena Preoteasa* (Member)
*Independent member as per personal assessment, by reference to the criteria provided by the Companies’ Law no. 31/1990, as supplemented and adjusted by the Bucharest Stock Exchange Corporate Governance Code.
The Supervisory Board has established a Nomination and Remuneration Committee.
The main responsibilities of the Nomination and Remuneration Committee include: being involved in the succession planning for the Executive Board, coordinate the annual evaluation of the Supervisory Board and its committees, being involved in the development of professional development programmes, carrying out the assessment of independency of Supervisory Board members, having an active role and responsibilities in relation to the Supervisory Board and Executive Board compensation framework.
The attributions and responsibilities of the Nomination and Remuneration Committee are further detailed in the Nomination and Remuneration’s Terms of Reference, as approved by the Supervisory Board.
Members:
The Nomination and Remuneration Committee is composed of four members appointed by the Supervisory Board from among its members, namely:
- Berislav Gaso (President and Member)
- Martijn Arjen van Koten (Deputy President and Member)
- Sorin-Dumitru Elisei (Member)
- Teodora Elena Preoteasa* (Member)
*Independent member as per personal assessment, by reference to the criteria provided by the Companies’ Law no. 31/1990, as supplemented and adjusted by the Bucharest Stock Exchange Corporate Governance Code.
Independence of Supervisory Board Members
The Companies’ Law no. 31/1990 is the main piece of legislation which regulates specific independence criteria for supervisory board members.
On the other hand, the Bucharest Stock Exchange Corporate Governance Code applicable to listed companies also contains specific provisions of the independence of supervisory board members, supplementing the criteria provided by the Companies’ Law no. 31/1990.
Indication of the status of independency is included next to the name of the Supervisory Board members, as applicable.
Conflict of Interest
Rules with regard to conflicts of interest are laid down in the Companies’ Law and Bucharest Stock Exchange Corporate Governance Code.
In accordance with Companies’ Law members of the management bodies must exercise their mandate with the prudence and diligence of a good administrator, with loyalty, acting in the company’s interest, refraining from disclosing confidential information and commercial secrets. Likewise, directors having interests in a certain operation, directly or indirectly, contrary to the interests of the company, must notify the other directors and the auditors or internal auditors about it and must not take part in any deliberation regarding the respective operation.
The Corporate Governance Code sets forth – as a best corporate governance practice principle – that the company shall disclose to its shareholders information on
existing or potential conflicts of interest of the candidates for the Supervisory Board position, with the occasion of their appointment or reappointment, generally understood as situations where they have business, family or other relationships that could affect their performance as member of such body. Thus, with regard to candidates for the position of member of the Supervisory Board questionnaires and the related statements regarding any existing or potential conflicts of interest are collected and published on the company’s website.
Along the same lines, as per the rules with regard to conflicts of interest established at the level of company, each Supervisory Board member must inform the Supervisory Board, including the President of the Supervisory Board on any conflict of interests when such occurs. All conflicts of interest must be disclosed to the President of the Supervisory Board immediately. In the event that the President becomes aware of a conflict of interest, he shall immediately disclose this to the Deputy President.