OMV Names New CEO of Turkish Ops

Today, OMV Chief Executive Officer Gerhard Roiss announced Gülsüm Azeri as new CEO of OMV's Turkish operations including Petrol Ofisi as of July 1, 2011. Mrs. Azeri has a good track record in leading various global acting companies.

Commenting on Mrs. Azeri's appointment, Gerhard Roiss said, "I am delighted that Gülsüm Azeri will join Petrol Ofisi as Chief Executive Officer. She brings a wealth experience and expertise to this role, which will complement the existing set of skills of the Executive Board. I look forward to her contribution and input as we further develop OMV's strategic review for Turkey."

Gülsüm Azeri said, "I am excited by the prospect of taking on the challenge of becoming Chief Executive Officer as of July 1, 2011. My background and experience are a very relevant fit for this role and I look forward to working with Gerhard Roiss and his team as we set about our future path for profitable growth."

Melih Türker, Chief Executive Officer of Petrol Ofisi since 2007, will leave the company after a structured hand over period. "We want to thank Melih Türker for his commitment to Petrol Ofisi, which he has positioned as clear market leader in the retail and wholesale business, especially in challenging times," Roiss stated.

Related to the corporate structure in Turkey, OMV decided to pool its power generation as well as power and gas sales and logistics activities in Turkey under a Turkish Gas and Power Holding which is currently in the process of being established. Petrol Ofisi will continue to focus on its core strengths, in particular the marketing and wholesale of refined oil products. The new Turkish Gas and Power Holding's parent company will be OMV Enerji Holding A.Ş. which is also the majority shareholder of Petrol Ofisi A.Ş.