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OMV appoints new Executive Board member for Refining division

Apr 18, 2021
2 min read
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Austria’s OMV has appointed Martijn van Koten as the new Executive Board member responsible for the Refining division of OMV Aktiengesellschaft.

Martijn will assume the position depending on his availability, at the latest with effect from July 1, 2021 for a three-year period, with an extension option for further two years, subject to mutual consent. Martijn van Koten is currently working as Executive Board Member for Base Chemicals and Operations at Borealis AG.

The reorganisation of the OMV Group approved by the Supervisory Board came into force on April 1, 2021, involving splitting and expanding the former area of Refining & Petrochemical Operations into two areas: Refining and Chemicals & Materials. This structural change facilitates the forward integration in the chemicals sector that has been underway ever since OMV acquired a majority stake in Borealis. With this change, OMV is consistently positioned across the entirety of its expanded value chain and can bundle all relevant responsibilities for petrochemicals and chemicals in a single board division.

Mark Garrett, Chairman of the Supervisory Board of OMV: “The refineries have a key role to play in the energy transition and the company’s future development. Alongside the transformation towards petrochemicals, the focus of the refineries will increasingly be on producing biofuels and hydrogen as well as the circular economy. I am delighted that we have managed to bring Martijn van Koten on board for this new board seat as a manager with extensive international experience in the refining business as well as in chemicals operations.“

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