At its meeting today the Supervisory Board of OMV Aktiengesellschaft agreed to appoint Manfred Leitner (50) to the OMV Executive Board. Manfred Leitner will take over the Refining and Marketing incl. petrochemicals business (R&M) with effect from April 1, 2011. His contract runs until March 31, 2014.

Speaking about the decision, the Chairman of the Supervisory Board, Peter Michaelis said, 'We are able to present an excellent manager with Manfred Leitner, who has worked successfully at the company for 25 years and knows better than anyone what the future challenges will be for the Refining and Marketing business. We chose him because of his years of experience in the company and his profound knowledge of the market.'

Chairman of the Executive Board, Wolfgang Ruttenstorfer stated: 'Manfred Leitner is an expert in the R&M business. The new nominated team of the Executive Board will work together in order to successfully overcome any future challenges. The entire Board looks forward to a good working relationship with an experienced colleague.'

Manfred Leitner (50) began his professional career at OMV in 1985 following the completion of his studies in economics at the Vienna University of Economics. After working for two years in the finance department of the Exploration and Production (E&P) business unit, he ran the finance department of the OMV branch in Tripoli, Libya. Following his return to Austria he was responsible for the Controlling department within E&P until 1997. He then moved into the R&M business, where he led the Planning & Controlling department until 2002 and since 2003 has functioned as Senior Vice President for 'Downstream Optimization and Supply'.

Tags: OMV Aktiengesellschaft