Alfred Stern OMV AG has appointed Alfred Stern as its new CEO and chairman. He will take over the post Sept. 1. The former CEO of Borealis, Stern has extensive experience in a leadership role in the global chemical industry. At Borealis, he oversaw that company’s evolution towards a circular economy: an evolution that at OMV is only starting to take shape. The expertise gained over the years in this space will serve him well in this new position. “OMV stands on the cusp of a major transformation in the direction of chemicals and a circular economy,” said Mark Garrett, chairman of the supervisory board of OMV. “A transformation in which a large portfolio will need to be managed across a far-reaching value chain – from the wellhead to the refinery and filling station to high-end chemicals & materials and recycling.