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OMV Supervisory Board: No actionable misconduct at Seele

OMV Supervisory Board: No actionable misconduct at Seele

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.

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