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Home > News > Corporate News

Borealis’ CEO to leave the company

Source：Adsale Plastics Network Date ：2024-03-19 Editor ：RC

Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

The Supervisory Board of Borealis and Thomas Gangl reached mutual agreement on the termination of his mandate as CEO of Borealis AG, as well as the related employment contract effective June 30, 2024.

Borealis_CEO Thomas Gangl_480.jpg

Thomas Gangl will terminate his role as CEO of Borealis AG.

Thomas Gangl started his career at OMV in 1998 as a process engineer before holding various management positions in OMV's refining business. In 2019, he became a member of the OMV Executive Board as Chief Downstream Operations Officer and oversaw the increase of OMV's shareholding in Borealis to 75%.

Gangl was appointed CEO of Borealis in April 2021. He has been dedicated in refining Borealis’ Strategy 2030 with sustainability at its core, and accelerating the company’s transformation towards a circular economy.

Key milestones during his tenure included the sale of Borealis’ nitrogen business, the acquisition of Rialti Spa, a polypropylene (PP) compounder of recyclates in Italy, along with the signing of the acquisition of Integra Plastics AD, an advanced mechanical recycling player in Bulgaria.

Details about Gangl’s successor will be announced at a later stage.