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OMV Petrom S.A. (PETB)

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Tuesday 16 April, 2019

OMV Petrom S.A.

New CFO starts mandate

RNS Number : 3688W
OMV Petrom S.A.
16 April 2019

OMV Petrom S.A.

Investor News

April 16, 2019


Alina Popa takes over the position of Chief Financial Officer and member of the Executive Board of OMV Petrom


Alina Popa (41) is the new Chief Financial Officer (CFO) and member of the Executive Board of OMV Petrom starting April 17, 2019, the date the mandate granted by the Supervisory Board becomes effective.

Alina Popa has been part of OMV Petrom since 2006 and has held leadership positions in finance functions, coordinating important projects in finance area.

"I spent most of my career with OMV Petrom. During these 13 years, I have learnt the company and the market context very well. Here, I was given the opportunity to develop professionally, but especially to get involved in projects that are essential for the energy supply to millions of Romanians", said Alina Popa, CFO and member of the OMV Petrom Executive Board.

Prior to her appointment as Chief Financial Officer and Member of the Executive Board of OMV Petrom, Alina Popa has been the General Manager and President of the Board of Directors of OMV Petrom Global Solutions, the Shared Service Center of OMV. Alina Popa is a member of ACCA (Association of Chartered Certified Accountants). She graduated from Bucharest Academy of Economic Studies and, before joining OMV Petrom, she worked for Deloitte.

The position of Chief Financial Officer and board member was previously held by Stefan Waldner, whose mandate expires on April 16, 2019. The company disclosed in April 2018 the appointment of Alina Popa following Stefan Waldner announcing that he will no longer be available for a new mandate in OMV Petrom Executive Board.

In March 2019, the company announced that members of the board were reconfirmed for another four-year term, which will expire on April 16, 2023. The members of the Executive Board of OMV Petrom are Christina Verchere (CEO), Alina Popa (CFO), Peter Zeilinger (Upstream), Radu Căprău (Downstream Oil) and Franck Neel (Downstream Gas).


About OMV Petrom

OMV Petrom is the largest energy company in South-Eastern Europe with an annual hydrocarbon production of 58.3 million boe in 2018. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high efficiency power plant. The Group is present on the oil products retail market in Romania and neighboring countries through 794 filling stations, at the end of 2018, under two brands - OMV and Petrom.

OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.01% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.64% of OMV Petrom shares, Fondul Proprietatea holds 9.9985%, and 18.35% is the free float on the Bucharest Stock Exchange and the London Stock Exchange.

OMV Petrom is the largest contributor to the state budget, with contributions of 27.8 billion euro in taxes and dividends paid between 2005 and 2018.

Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007-2018, the company has allocated approximately 52.5 million euro to develop communities in Romania, focusing on environmental protection, education, health and local development.

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