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German ex-boss of Austria’s energy group OMV not relieved

WIEN Seele moved from the management of Wintershall to OMV in 2015. There he had put his faith in investments and business in Russia. In retrospect, OMV supervisory board chairman Mark Garrett described this as a mistake. He pointed out that the company had to write off two billion euros on Russia-related projects in the first quarter of 2022. “You can’t sugarcoat what can’t be sugarcoated,” he said. Seele was also criticized because OMV became a sponsor of the Russian football club Zenit St. Petersburg under his leadership, and because he assured the chief of corporate auditing protection against dismissal. OMV is one of the largest Austrian companies and achieved sales of 35.55 billion euros in 2021.

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