Romania, Christina Verchere received another 4 year mandate at the helm of the OMV Petrom

Incumbent CEO of Romanian oil and gas company OMV Petrom Christina Verchere received another 4-year mandate at the helm of the company, valid until 16 April 2027. She replaced Mariana Gheorghe as the company’s CEO in 2018.

OMV Petrom’s Supervisory Board also extended the mandate of the company’s Chief Financial Officer Alina Popa.

It also announced that it appointed Cristian Hubati as the member of the Board of Directors responsible for exploration and production. He replaced Hans Christopher Veit following the end of his mandate.

OMV Petrom recorded a net profit in the amount of 2.1 billion euros in 2022, compared to a profit of 580 million euros in the previous year.

Consolidated sales revenues amounted to 12.4 billion euros in 2022, an increase of 136 % compared to 2021, mainly supported by higher commodity prices and higher sales volumes of petroleum products and electricity, partly offset by lower gas sales volumes. In the fourth quarter alone, net profit amounted to 230 million euros, which is 4 % less compared to the same quarter in 2021.