OMV Petrom, the largest oil and gas producer in South-Eastern Europe, announces the appointment of Mariana Gheorghe, CEO of OMV Petrom, as member of the Supervisory Board of ING Groep, as a further professional engagement.
The appointment was decided at the annual General Meeting of ING Groep held on 11 May 2015, subsequent to all regulatory and corporate approvals being obtained, including the approval of the European Central Bank. The mandate was granted for a period of 4 years, effective as from the end of the annual General Meeting.
Following Ms Gheorghe’s appointment to this position, OMV Petrom will mainly harness the additional exposure to high international corporate governance standards.
OMV Petrom will continue to benefit from the full commitment of Ms Gheorghe, who will devote sufficient time for OMV Petrom’s needs, given the number of meetings she is due to attend in this further professional engagement, and also the planning of those meetings in advance.
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. At the end of 2014, the Group had a refining capacity of 4.2 mn tons/year and operated 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 integrated the principles of corporate responsibility within its business strategy. In this period, the company allocated more than EUR 40 mn for the development of communities in Romania, focusing on environment protection, education, health and local development. "Andrei’s School" is the main platform for community involvement.
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