Chairpersons

OMV CEO Alfred Stern to Step Down in 2026

Strategic Insights

May 20, 2025 — 1 min read

Alfred Stern, Chairman of the Executive Board and CEO of OMV Aktiengesellschaft, will not be available for reappointment, concluding his term on August 31, 2026. This marks the end of a significant transformation period in OMV's corporate history, led by Stern with remarkable success. The company has achieved historic milestones under his leadership, positioning OMV for the future with a clear vision.

Key Takeaways:

Alfred Stern will conclude his term as CEO of OMV Aktiengesellschaft on August 31, 2026, marking the end of his current term.
During his tenure, Stern has initiated and pursued the most extensive transformation in OMV's corporate history, achieving consistency and remarkable success.
OMV has reached significant milestones under Stern's leadership, including the establishment of a global polyolefin company, Borouge Group International, with an estimated enterprise value of USD 60 billion.
The company has successfully managed the energy crisis through diversification of its gas portfolio, invested in the Neptun Deep project, and advanced innovation projects such as ReOil, deep, and sustainable aviation fuel (SAF).
Stern has been instrumental in shaping OMV's energy transition and industrial transformation, ensuring energy security and driving innovation.
He will continue to work with the Supervisory Board to ensure an orderly transition and wishes Alfred Stern all the best for his future.

Statistics:

August 31, 2026: Date of conclusion of Alfred Stern's term as CEO of OMV Aktiengesellschaft.
USD 60 billion: Estimated enterprise value of the Borouge Group International (BGI) landmark transaction.
2021: Year Alfred Stern took office as CEO of the OMV Group, marking the beginning of his transformation period.

Sources:

OMV: Press releases, quotes from Lutz Feldmann, Chairman of the Supervisory Board, and Alfred Stern, Chairman of the Executive Board and CEO of OMV Aktiengesellschaft.
OMV Petrom: Listed under the Supervisory Boards chaired by Alfred Stern.
Borealis: Listed under the Supervisory Boards chaired by Alfred Stern.
Air Products and Chemicals: Listed under the Board of Directors chaired by Alfred Stern.

The End of American Hypergrowth

For two centuries, the US economy grew by adding workers. That's over.

Healthcare's $5.3 Trillion Drag

How Medical Spending Became America's Biggest Productivity Tax

Breakthrough in Nanotechnology: Electromagnetic Shock Treatment Shows Promise

Researchers at the Wuhan University of Technology in China have made significant progress in the field of nanotechnology, specifically in the area of nanoindentation. A novel electromagnetic shock treatment (EST) method has been developed to enhance the microscale mechanical properties of a titanium alloy, with promising results obtained through array-based

Gut Microbiota Plays Crucial Role in Immunotherapy Success for Colon Cancer Patients

Research investigators at the Zhengzhou Central Hospital Affiliated to Zhengzhou University have made groundbreaking discoveries on the role of gut microbiota in determining the efficacy of immunotherapy for colon cancer patients. The study, which was recently published in Biochimica et Biophysica Acta, reveals that specific bacterial species and microbial metabolites

Read more

The End of American Hypergrowth

Healthcare's $5.3 Trillion Drag

Breakthrough in Nanotechnology: Electromagnetic Shock Treatment Shows Promise

Gut Microbiota Plays Crucial Role in Immunotherapy Success for Colon Cancer Patients