Roiss was forced to resign two years before the end of his mandate.

Seele will have a three-year mandate, OMV having the option to extend it two more years. In Petrom board, Seele will be an interim member until being confirmed in a general stockholders’ meeting.

Seele, a 54 years old German chemist, previously worked with BASF and Wintershall.

At OMV, Seele will coordinate the company’s business reconfiguration considering the small price of oil, strengthening the connections with Russia.

Last month, Russian Gazprom and OMV signed a memorandum regarding OMV possible participation to developing one of the largest oil and gas fields worldwide, at Urengoy, in Siberia.

On Tuesday, Petrom’s shares decreased almost 0.5%, at RON0.373 per share.

(English version by Manuela Panescu)

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