OMV's new Chief Financial Officer to start

The new Chief Financial Officer of OMV, Reinhard Florey, will take up his post as of July 1, 2016

His appointment by the OMV Supervisory Board already took place in January 2016 for a three-year period with an extension option for OMV for additional two years.

Florey is currently CFO of the Finnish company Outokumpu, a global market and technology leader in the production of stainless steel.

The current CFO and Deputy Chairman of the Executive Board David C. Davies will leave the OMV Executive Board from July 31, 2016, following a one-month handover period.

OMV had a network of approximately 3,800 filling stations in 11 countries as of end of 2015.

The new strategy for OMV´s business includes safeguarding cash flow, a sustainable resource base in the Upstream business, a further increase in competitiveness in the Downstream Oil division and restructuring the Downstream Gas business.