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Changes in OMV Petrom Executive Board

OMV Petrom, the largest oil and gas producer in South-Eastern Europe, announces the appointment of Peter Rudolf Zeilinger as member of the Executive Board of OMV Petrom, in charge with Upstream activity starting with April 1st, 2016, following Gabriel Selischi’s waiver of mandate as member of the Executive Board.

Gabriel Selischi will continue his career within OMV Group, having been proposed as Senior Vice President responsible for managing OMV Group’s activities in the Australasia area.

Rainer Seele, President of the Supervisory Board of OMV Petrom: "We thank Gabriel Selischi for his efforts that contributed to good results recorded by the Upstream division, among which I would like to mention the increase of the annual hydrocarbons production in Romania after many years of decline, as well as the progress made in the exploration of Neptun Deep block. We would also like to congratulate him for the new position within OMV Group, which contributes to the further development of his international expertise."

Mariana Gheorghe, CEO of OMV Petrom: "The fact that Gabriel Selischi has been nominated to run the Upstream operations in Australasia at the OMV Group level is another confirmation of the value of the Romanian specialists in the oil and gas field. Also, I am happy to welcome back Peter Zeilinger in Romania and I am confident that he will successfully continue the Upstream projects."

In accordance with art. 18.11 of OMV Petrom’s Articles of Association, Peter Rudolf Zeilinger was appointed as member of the Executive Board starting with April 1st, 2016 for the remaining term of the mandate granted to Gabriel Selischi, i.e. until April 17, 2019.

Gabriel Selischi and Peter Rudolf Zeilinger will work together in order to ensure a smooth transition while supporting OMV Petrom’s Upstream team in achieving their challenging strategic business objectives.

Peter Rudolf Zeilinger was born in 1965 in Freising/Germany. He holds a Masters of Engineering degree in Petroleum Engineering from the Technical University of Clausthal-Zellerfeld in Germany. Peter Rudolf Zeilinger held various technical and management positions within OMV Group and also in OMV Petrom including the position as OMV Petrom’s Head of Domestic Assets during 2008-2011.

About OMV Petrom
OMV Petrom is the largest integrated oil and gas group in South-Eastern Europe, with an annual oil and gas production of approximately 66 mn boe in 2014. The Group has a refining capacity of 4.5 mn tons / year and operates an 860 MW high efficiency power plant and a 45 MW wind park. OMV Petrom is present on the oil products retail markets in Romania and neighboring countries through approximately 780 filling stations as of end of 2014.

OMV, one of Austria’s largest listed industrial companies, holds a 51.01% share in OMV Petrom. The Romanian state, via the Ministry of Energy, Small and Medium Enterprises and Business environment, holds 20.64% of OMV Petrom shares, the Property Fund holds 18.99% and 9.36% is free float on the Bucharest Stock Exchange.

In the last ten years investments for the consolidation and modernization of OMV Petrom amounted to more than EUR 11 bn. The annual direct, indirect and induced impact of OMV Petrom in Romania’s GDP is around 4.5%.

Starting 2007, OMV Petrom has integrated the principles of corporate responsibility into its business strategy. In this period, the company has allocated more than EUR 40 mn for the development of communities in Romania, focusing on environmental protection, education, health and local development. "Andrei’s School" is the main platform for community involvement.

For more details and information:
OMV Petrom Media Relations: +40 (372) 161547, press.office@omvpetrom.com
Website: www.omvpetrom.com; www.petrom.ro