Christina Verchere, Chief Executive Officer (CEO) and Chair of the Executive Board of OMV Petrom, has informed the Chair of the Supervisory Board, Emma Delaney, that she will not be available for a potential new term on the OMV Petrom Executive Board. Christina Verchere’s current term runs until April 16, 2027.
Emma Delaney, Chair of the OMV Petrom Supervisory Board, stated: “Christina Verchere has led OMV Petrom through a period of remarkable transformation over the course of her two consecutive terms. The company has implemented major strategic projects, taking on a leading role in Romania’s energy transition. I thank Christina for her leadership and her unwavering dedication to OMV Petrom, and I wish her all the best for the future.”
Christina Verchere, CEO of OMV Petrom, said: “It has been a privilege for me to lead OMV Petrom over these past nine years. I am deeply honored to have contributed to the company’s transformation, alongside my colleagues on the Executive Board and the entire OMV Petrom team. With our Strategy 2030, we have moved from ambition to execution. I remain fully committed to delivering our strategic projects throughout the remainder of my term.”
The Supervisory Board’s decision regarding the composition of the Executive Board following the expiration of the current term will be communicated to the market in accordance with legal requirements. OMV Petrom is the largest integrated energy producer in Southeast Europe, with an annual group-level production of crude oil and gas of approximately 38 million boe in 2025. The Group has an annual refining capacity of 4.5 million tonnes and operates a high-efficiency, 860 MW natural gas-fired power plant. In the retail petroleum products market, the Group is present in Romania and neighboring countries through approximately 780 filling stations, operating under two brands-OMV and Petrom.
OMV Petrom is listed on the Bucharest Stock Exchange, with 28.1% of its shares being free-float (freely tradable). At the end of 2025, Romanian shareholders held approximately 45% of the shares-comprising 20.7% held by the Romanian state, and 24.4% held by Romanian pension funds, as well as other Romanian individuals and legal entities. OMV Aktiengesellschaft held 51.2% of OMV Petrom’s shares, while the remaining 3.7% were held by other foreign investors.