Mark Tonkens to leave Borealis Executive Board by mutual agreement effective 31 May 2023, Daniel Turnheim appointed as Borealis CFO effective 1 June 2023
The Supervisory Board of Borealis has appointed Daniel Turnheim (48) as the new Chief Financial Officer with effect from 1 June 2023. The appointment spans a three-year period, with the option to extend by two years, subject to mutual consent. Mark J. S. Tonkens, currently Chief Financial Officer at Borealis, will leave the Borealis Executive Board by mutual agreement effective 31 May 2023.
Daniel Turnheim looks back at a long-standing career in OMV Group. After joining the company in 2002, he held various senior management functions in OMV Finance, including Head of Controlling at OMV UK in London, United Kingdom and a two-year assignment to Petrol Ofisi in Istanbul, Turkey. From 2011 to 2012, Daniel held the role of Chief Financial Officer at OMV Petrom in Bucharest, Romania. He is currently Senior Vice President Finance & Tax at OMV AG.
Daniel Turnheim holds a Master’s degree from the Vienna University of Economics and Business in Vienna, Austria. He is Austrian citizen, married and proud father of four children.
“I am delighted we bring such an extraordinarily experienced Finance expert like Daniel Turnheim onboard of the Borealis Executive Board. I warmly welcome Daniel and look forward to working closely with him on realizing our Borealis Strategy 2030. At the same time, I would like to express my sincere appreciation on behalf of the entire Borealis Executive Board for the outstanding contribution Mark Tonkens has made over the past 8 years as CFO of Borealis. It has been a pleasure working with Mark, I wish him much success for his future,” comments Thomas Gangl, Borealis CEO.
This media release is also available in German language.
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About Borealis
Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions and a European front-runner in polyolefins recycling. In Europe, we are a market leader in base chemicals and fertilizers. We leverage our polymer expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility.
In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe.
With head offices in Vienna, Austria, we employ 7,600 employees and operate in over 120 countries. In 2022, we generated a net profit of EUR 2.1 billion. OMV, the Austria-based international oil and gas company, owns 75% of our shares, while the remaining 25% is owned by Abu Dhabi National Oil Company, or ADNOC, based in the United Arab Emirates (UAE). We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar™ (with TotalEnergies, based in the US).
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