Adnoc, OMV Appoint Leadership for Borouge Plastics Joint Venture
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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.
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