Christina Verchere, the Chief Executive Officer and president of the Executive Board of OMV Petrom, will not be available for a possible new mandate in the Executive Board of OMV Petrom, the company announced.
Her current mandate runs until April 16, 2027.
Verchere was appointed CEO of OMV Petrom in May 2018, when she took over the role from Mariana Gheorghe. During her mandate, the company committed to the EUR 4 billion Neptun Deep project, Romania’s largest natural gas project and its first deepwater offshore development. The EUR 4 billion investments are shared 50/50 with Romgaz, the largest natural gas producer and the main supplier in the country.
“Christina Verchere has led OMV Petrom through a remarkable transformation during her two consecutive terms in office. The company has delivered on major strategic projects, taking a leading role in the energy transition of Romania. I thank Christina for her leadership and unwavering commitment to OMV Petrom and extend all my best wishes for her future,” Emma Delaney, the president of the Supervisory Board of OMV Petrom, said.
“It has been a privilege for me to lead OMV Petrom for these past nine years. I feel immensely honored to have been able to be part of the transformation of the company, together with my Executive Board colleagues and the entire OMV Petrom team. With our Strategy 2030, we have moved from ambition to strong execution. I remain committed to the delivery of our strategic projects for the remainder of my mandate,” Christina Verchere, the CEO of OMV Petrom, said.
OMV Petrom is the largest integrated energy producer in Southeastern Europe, with group-wide annual oil and gas production of approximately 38 million barrels of oil equivalent (boe) in 2025. The company has an annual refining capacity of 4.5 million tonnes and operates an 860 MW natural gas-fired power plant. In the retail fuel distribution market, it operates approximately 780 filling stations in Romania and the neighboring countries under two brands: OMV and Petrom.
OMV Petrom is listed on the Bucharest Stock Exchange, with 28.1% of its shares in free float. At the end of 2025, Romanian shareholders held approximately 45% of the company’s shares (of which 20.7% were held by the Romanian state and 24.4% by Romanian pension funds, as well as other Romanian individuals and legal entities). OMV Aktiengesellschaft held 51.2% of OMV Petrom’s shares, while the remaining 3.7% were held by other foreign investors.
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