Back to News

Thomas Gangl appointed new Borealis CEO as of 1 April 2021

Alfred Stern appointed OMV Executive Board member for Chemicals & Materials

Following the acquisition of the majority shares in Borealis by OMV AG and the intensified and close cooperation between OMV and Borealis, the Supervisory Board of Borealis has decided to appoint Thomas Gangl (49), currently Executive Board member of OMV AG, as CEO of Borealis.

Alfred Stern (56), who has successfully led Borealis’ transformation from a virgin polyolefins producer to a leading provider of advanced and circular polyolefin solutions, and European market leader in the mechanical recycling of plastics, was appointed Executive Board member for Chemicals & Materials of OMV AG and will step down as CEO of Borealis AG. Thomas Gangl will take over the role as Borealis CEO.

These changes will take effect as of 1 April 2021.

“By appointing Thomas Gangl we have succeeded in gaining an exceptional manager and expert from among our own ranks to take the helm of Borealis. In recent years, Thomas Gangl has not only played a significant part in shaping the refining and petrochemicals business in the OMV Group but was also responsible for establishing chemical recycling and thereby laying the foundation for our future circular economy,” comments Rainer Seele, Chairman of the Supervisory Board of Borealis AG and CEO of OMV.

END

Media contact:
Virginia Mesicek
Senior Manager, External Communications
tel.: +43 1 22 400 772 (Vienna, Austria)
e-mail: virginia.mesicek@borealisgroup.com

Downloads
Media Contact
Group Media desk
Virginia Wieser, Lena Lehner
+43 1 22 400 899 (Vienna, Austria)
media@borealisgroup.com

Latest News

Media Release – 29/11/2023

Borealis to acquire Integra Plastics AD, an advanced mechanical recycling player based in Bulgaria

Read more

Media Release – 27/11/2023

Borealis extends its collaboration with prominent educational and social institutions in the United Arab Emirates

Read more

News – 14/11/2023

Update on the Kallo case

Read more

Media Release – 02/11/2023

Borealis expands its mechanically recycled plastic compounding capacity with closing the acquisition of Rialti S.p.A.

Read more

News – 31/10/2023

Five Years of Support for the Ellen MacArthur Foundation’s Global Commitment

Read more

News – 30/10/2023

Borealis supports European plastics industry roadmap for a circular and net zero transformation

Read more

News – 30/10/2023

Borealis-backed SPIRIT program targets a breakthrough in CO2 direct capture

Read more

Media Release – 24/10/2023

Borealis signs first long-term power purchase agreement with Alpiq to supply renewable energy to Borealis production operations in Finland

Read more

Media Release – 23/10/2023

Winners of the Borealis Scientific Innovation Award recognized during Borealis Innovation Day

Read more