---
title: "Adnoc, OMV Appoint Leadership for Borouge Plastics Joint Venture"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280637869.md"
description: "Abu Dhabi National Oil Co. and Austria's OMV have appointed Roger Kearns as CEO of their new plastics joint venture, Borouge Group International. Stefan Doboczky and Hasan Karam will serve as chief commercial officer and chief operating officer, respectively. Daniel Turnheim is the interim CFO. Adnoc CEO Sultan Al Jaber will chair the supervisory board. The venture was formed from the merger of Borealis and Borouge, with XRG owning 90% of the company. OMV shares rose 1.4% following the announcement."
datetime: "2026-03-26T13:11:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280637869.md)
  - [en](https://longbridge.com/en/news/280637869.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280637869.md)
---

# Adnoc, OMV Appoint Leadership for Borouge Plastics Joint Venture

By Joe Stonor

Abu Dhabi National Oil Co. and Austria's OMV appointed Roger Kearns as chief executive of their new global plastics joint venture, Borouge Group International.

The companies also Thursday appointed Stefan Doboczky as chief commercial officer and Hasan Karam as chief operating officer of the venture. Daniel Turnheim has been appointed interim chief financial officer until a new external CFO is appointed in May, the companies said.

Adnoc CEO Sultan Al Jaber has been appointed chairman of the new group's supervisory board.

BGI was formed last year by the merger of two polyolefins producers, Austria-based Borealis and Abu Dhabi-based Borouge, and the acquisition of Nova Chemicals. Those transactions are expected to complete before the end of March, Adnoc and OMV said.

The company will be majority-owned by XRG, a joint venture between Adnoc and OMV. The pair will own 90% of XRG, with the remaining 10% listed on the Abu Dhabi Securities Exchange.

Kearns is currently president and chief executive of Nova Chemicals. Al Jaber also serves as Abu Dhabi's minister of industry.

Vienna-listed OMV shares climbed 1.4% in early afternoon trade.

Write to Joe Stonor at josephmichael.stonor@wsj.com

(END) Dow Jones Newswires

March 26, 2026 08:58 ET (12:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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