The Supervisory Board of Borealis appointed Wolfram Krenn as Executive Vice President Base Chemicals & Operations and member of the Borealis Executive Board, effective 1 July 2021. He succeeds Martijn van Koten, who was appointed OMV Executive Board member responsible for the Refining division.
Wolfram Krenn looks back at a long-standing career at OMV. He joined the company in 1998 as process engineer, then moved to production and operations, joining OMV Petrom in 2014 as lead for the Petrobrazi Refinery, Romania. In 2018 Wolfram Krenn was appointed Senior Vice President Site Management Schwechat, Austria, before taking over his current role role of Senior Vice President for Refining Assets in 2019.
Wolfram Krenn holds a Master degree in Chemical Engineering from the Technical University of Graz, Austria. He is Austrian citizen, married and father of two children.
I am delighted to welcome Wolfram Krenn to the Borealis Executive Board. His vast experience in operations coupled with his outstanding leadership capabilities make him the perfect candidate for the position of Executive Vice President Base Chemicals & Operations, comments Borealis CEO Thomas Gangl. Wolframs passion for operational excellence and his drive for change will make him an invaluable member of Borealis. I wish him continued success in his new role.
At the same time, we would like to thank Martijn van Koten for his outstanding contribution to the success of Borealis Operations and Base Chemicals Business.
Borealis is one of the worlds leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.
With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2020, Borealis generated EUR 6.8 billion in sales revenue and a net profit of EUR 589 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar (with Total, based in the US).
Baystar is a trademark of Borealis AG.