Gangl prolonged JV agreements with Borouge
The Supervisory Board of Borealis and Thomas Gangl have come to a mutual agreement regarding a termination of Thomas Gangl’s mandate as CEO of Borealis AG, as well as the related employment contract effective June 30, 2024, according to a corporate press communique.
“Thomas Gangl is a seasoned executive with a wealth of experience at OMV, followed by his most recent role as Borealis CEO. I thank him for his valuable contributions to the OMV Group spanning over two decades and wish him all the best for his future endeavors,” stated Daniela Vlad, Member of the Executive Board of OMV Aktiengesellschaft and Chairwoman of the Supervisory Board, Borealis AG.
Thomas Gangl started his career at OMV in 1998 as a process engineer before holding various management positions in OMV’s refining business.
Thomas was appointed CEO of Borealis in April 2021. He has been instrumental in refining Borealis’ Strategy 2030 with sustainability at its core and accelerating the company’s transformation towards a circular economy.
Furthermore, he steered the prolongation of Borealis’ joint venture agreements with Borouge, the successful IPO of Borouge at the ADX, and the final investment decision of the Borouge 4 plant in Ruwais, UAE, which upon completion, will be the world’s largest single-site polyolefin complex.
