OMV Group Websites
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OMV Group Websites
OMV and OMV Petrom Websites
OMV Group OMV Romania Petrom Romania Petrom Moldova

Organization and functionning

The Executive Board manages the day-to-day business of the company and monitors the activity of its group companies in accordance with the law, the Company’s Constitutive Act, the internal rules and guidelines as well as the resolutions of the Supervisory Board. It is elected by the Supervisory Board. The list of members is available here.

Attributions and responsibilities of the Executive Board

  • The Executive Board ensures that its own resolutions, the Supervisory Board's and the General Meeting of Shareholders' resolutions, as well as the internal guidelines are implemented and that they are in compliance with the law.
  • The Executive Board is the corporate body that runs the company and represents it in relation with third parties. Also the Executive Board agrees on the strategic direction of the company with the Supervisory Board and is periodically discussing the progress made on implementing the strategy.
  • The Executive Board provides the Supervisory Board periodically reports on all relevant issues of business developments including an assessment of the risks prevalent and the risk management in place at the company level and at the companies from the Group in which it holds the majority stake.