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05.12.2006 – 14:52

OMV Aktiengesellschaft

euro adhoc: OMV Aktiengesellschaft
Board of Directors (Appointments and Changes)
Werner Auli appointed as new member of the OMV Executive Board - responsible for the gas segment - effective as of 1 January 2007

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- Reflects growing importance of OMV’s gas business - Auli will take over gas segment from CEO Ruttenstorfer - Remaining responsibilities in the Management Board remain unchanged

The OMV Supervisory Board has today appointed Werner Auli to the Executive Board of OMV, Central Europe's leading oil and gas group. As member of the Executive Board, Auli - head of OMV Gas International GmbH, a wholly owned subsidiary of OMV Aktiengesellschaft - will be in charge of the company's gas division, effective as of 1 January 2007. Werner Auli is taking over these business agendas from Wolfgang Ruttenstorfer, who will be putting additional focus on the strategic governing of the Group. Rainer Wieltsch, Chairman of the Supervisory Board: "I am delighted to be able to welcome Werner Auli as new member of the Executive Board. He is an outstanding strategist and prudent planner of OMV's growth strategy in the gas business. This segment is being established as third main pillar of our company. I appreciate Auli as an extremely competent manager and I am certain that he will complement the well balanced team of OMV’s Executive Board perfectly. The fact that Mr. Auli was appointed as internal candidate shows very clearly that OMV has developed a sound management potential within the company". Werner Auli: "I am very happy that in future I will be able to apply the experience I acquired in OMV's gas business within the framework of the Executive Board. In past years the gas business was developed into an important pillar of the OMV Group and is a significant constitutive factor in Central Europe. I consider it my special challenge in my new capacity, to further promote the internationalisation, in order to contribute substantially to OMV's profitable growth path." The optimisation of supply security with projects such as the Nabucco Pipeline and the LNG Terminal in Croatia and the infrastructure expansion in Austria are further areas that will be given special attention, Auli added.

Strong growth potential in the gas business As one of the determining natural gas suppliers in Central and Eastern Europe, OMV intends to expand its gas segment by 2010. Here the Group will continue to build on internationalisation. OMV intends to expand its gas marketing volumes from the present approx. 14 bcm to 20 bcm per year. The Group plans to produce more than a third of the gas volume it sells. The corresponding strategy is based on the segment of wholesale and trading with its 50% subsidiary EconGas (founded at the end of 2002) and Petrom's gas business in Romania; logistics and storage business; and a close cooperation with OMV's own gas production.  In order to be able to organise this process efficiently, at the beginning of 2006 OMV strengthened its gas business with a new holding structure, with OMV Gas International GmbH acting as the holding company. OMV is using its extensive liberalisation-know-how - Austria has the most liberalised gas market in continental Europe - as a competitive advantage in its expansion strategy into target countries in Central and Eastern Europe that remain to be liberalised.

Years of experience in the gas business Dr. techn. Dipl. Ing. Werner Auli was born 1960, is married and has two children. Auli graduated from the Technical University in Vienna and started his career 1987 in OMV's department for company development and strategic control. In 1990 he became assistant to the Management Board for the areas of chemicals and materials. 1991 he became assistant of the Management Board for the areas finances, controlling and chemicals. From 1993 to 2000 Werner Auli was managing director of AUSTRIA Mineralöl Gmbh, responsible for finances and accounting, controlling, marketing, IT and manpower. In 2000 he took over the management of the OMV Cogeneration GmbH and from 2001 to 2003 additionally was responsible for the management of OMV Erdgas GmbH with the areas supply, marketing and distribution. From 2002 to 2004 Werner Auli was managing director of EconGas, a 50% subsidiary of OMV, where he was responsible for finances, supply & trading, marketing and foreign distribution. 2004 he returned to the OMV Group, where he was CEO and speaker of the Management Board of OMV Gas GmbH. On 1 January 2006 he became head of OMV Gas International GmbH.

end of announcement                                                 euro adhoc 05.12.2006 14:17:12

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Branche: Oil & Gas - Downstream activities
ISIN:      AT0000743059
WKN:        874341
Index:    ATX Prime, ATX
Börsen:  Wiener Börse AG / official dealing

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