As part of a special audit commissioned by the OMV oversight board and now completed against former president Rainer Seele, no “actionable misconduct” was found, according to the watchdog. For this reason, no lawsuit will be filed for damages and the general meeting will propose acquitting the former CEO, according to a statement issued by OMV on Wednesday evening.
“Potential violations of duty” were examined, among other things, in connection with the change in gas supply contracts with Gazprom Export and the conclusion of a sponsorship agreement with the football club Zenit Saint Petersburg in 2018. Conclusion of a side agreement with an OMV executive was also investigated. . With regard to gas supply contracts, the former CEO acted “within the scope of his mandate”, according to the findings of law firms tasked with auditing.
But in the course of the investigation, there were “indications of deviations from the company’s internal requirements” in the conclusion of the side agreement and sponsorship contracts. However, it can be assumed that both agreements were concluded with legal effect, according to legal experts according to the declaration. “Despite specific deviations from the company’s internal guidelines, there was no misconduct that could be taken on the part of the former CEO,” said attorney Johannes Zink of HBA. Accordingly, there is nothing to prevent the General Assembly from acquitting the former director.
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