OMV particular check – “No actionable misconduct” at Seele – Muricas News

As a part of a particular audit commissioned by the OMV Supervisory Board and now accomplished in opposition to ex-boss Rainer Seele, no “actionable misconduct” was discovered, in accordance with the management physique. For that reason, no motion for damages can be introduced and the final assembly will suggest the exoneration of the previous CEO, in accordance with a press release by OMV on Wednesday night.

Fuel provide contracts with Gazprom Export

“Potential breaches of obligation” had been examined, amongst different issues, in reference to the change in fuel provide contracts with Gazprom Export and the conclusion of a sponsorship settlement with the soccer membership Zenit St. Petersburg in 2018. The conclusion of a aspect settlement with an OMV government was additionally investigated. With regard to the fuel provide contracts, the previous CEO acted “throughout the scope of his authorization,” in accordance with the findings of the legislation companies commissioned with the audit.

In the midst of the investigation, nonetheless, there have been “indications of deviations from inside firm necessities” within the conclusion of the aspect settlement and the sponsorship contracts. Nonetheless, it may be assumed that each agreements had been concluded with authorized impact, in accordance with the authorized specialists in accordance with the announcement. And: “Regardless of recognized deviations from inside firm tips, there was no actionable misconduct on the a part of the ex-CEO,” mentioned lawyer Johannes Zink from the legislation agency hba. Accordingly, nothing stands in the best way of exoneration of the previous supervisor by the final assembly.

“However careless dealing with”

The supervisory board intends to comply with this advice “after detailed dialogue”. “We took the allegations very critically and commissioned an exterior investigation. The Supervisory Board is due to this fact following the advice of the authorized specialists and, from the present perspective, is not going to provoke any lawsuits and can suggest that the ex-CEO be exonerated on the upcoming Annual Basic Assembly,” mentioned the Chairman of the Supervisory Board of OMV Mark Garret quoted within the discover.

Nonetheless, the check outcomes “additionally confirmed that the previous CEO was negligent in decoding OMV’s strict compliance and behavioral guidelines,” admitted Garret. Such habits has no place at OMV, which is why the interior guidelines have been tightened to the impact that strategically vital contracts require the formal approval of the Supervisory Board.