Borealis appoints Michael Schenk as Vice President Treasury and Funding
Photo: Michael Schenk appointed Borealis Vice President Treasury & Funding.
Borealis announces the appointment of Michael Schenk as Vice President Treasury and Funding effective 1 January 2023.
Michael Schenk is currently Director of Internal Audit & Risk Management at Borealis and joined the company in 2008, when he was appointed Head of Business Unit Controlling, Wire & Cable. In 2009, he became Head of Business Finance for Polyolefins & Innotech, and in 2013 took on the role of Head of Group Corporate Finance & Investor Relations. He became Chief Audit Executive of Internal Audit & Risk Management in 2017.
Before joining Borealis, Michael Schenk worked in Group Treasury at UBS Group in Zurich, Switzerland, and as an investment analyst at UBS Investment Bank in London, UK. He holds a Master’s degree in International Business from the University of Vienna.
“For several years now, Michael Schenk has been fostering and developing a systematic, disciplined and innovative approach to risk management, financial control and governance processes at Borealis,” says Mark Tonkens, Borealis Chief Financial Officer. “His leadership experience and broad background in treasury, financial controlling and investment banking will be an asset to Borealis as it continues to develop its robust and well-diversified funding portfolio.”
Michael Schenk succeeds Jan-Martin Nufer, who was appointed CFO of Borouge PLC effective 1 November 2022.
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