AUSTRIA – The Supervisory Board of Borealis has appointed Stefan Doboczky as its new CEO, effective July 1, 2024.
Doboczky succeeds Thomas Gangl, bringing extensive experience from his various executive roles in the chemicals industry since 1992, including his recent tenure on the OMV Supervisory Board since 2019.
Daniela Vlad, Chairwoman of the Supervisory Board of Borealis and EVP Chemicals of OMV, expressed her enthusiasm for Doboczky’s appointment, “Stefan Doboczky brings a wealth of experience with an impressive leadership track record in the chemicals industry spanning over 30 years.
“I am delighted to welcome him to Borealis with his in-depth knowledge of our industry and his strong commitment to further elevating Borealis’ market leadership through its proven innovation and technological capabilities.”
Vlad also highlighted the support from OMV and ADNOC, both represented on the Borealis Supervisory Board: “I look forward to working with Stefan Doboczky in his new role as he takes the helm of a world-class company, one of OMV Group’s pivotal drivers for future growth.”
Doboczky commented on his appointment, “I would like to thank the Supervisory Board of Borealis for their trust and look forward to further advancing Borealis’ development in the evolving chemicals sector.”
He emphasized Borealis’ unique market position, focusing on innovation, sustainability, and circular economy solutions. “I look forward to exploring new strategic advancements with my new colleagues at Borealis and delivering sustained growth while tapping into new market opportunities internationally.”
Doboczky’s career began in 1992, leading to various executive board and CEO positions at internationally listed chemicals companies.
He holds a Ph.D. in Chemistry from the Technical University Vienna and an MBA from IMD Lausanne.
This strategic leadership change is a significant step for Borealis as the company aims to strengthen its market position and drive future growth under Doboczky’s experienced guidance.
KraussMaffei’s CFO steps down
Meanwhile, Jörg Bremer has decided to step down as KraussMaffei Group’s Chief Financial Officer (CFO), effective July 31.
From August 1, Thomas Giese will take over the duties of CFO on an interim basis, responsible for Finance and Control, Treasury, Accounting, Taxes, Legal and Patents, and Relocation Projects. Giese will report to CEO Chi Zhang.
Bremer will hand over his responsibilities to Giese in July to ensure a structured transition.
CEO Chi Zhang expressed gratitude for Bremer’s contributions, “We would like to thank Jörg Bremer for his great achievements over the past years. He has advanced key areas and set important milestones for our company.”
Bremer’s accomplishments include the sale of NETSTAL in March, negotiating the reconciliation of interests as part of an efficiency program last year, and realigning the financing strategy, which enabled significant progress in corporate financing.
“We wish Jörg Bremer all the best for his personal and private future,” Zhang added.
Welcoming Giese, Zhang noted his extensive experience in private equity-backed companies and his 30 years in international companies in the healthcare, energy, and automotive industries.
Giese has held CFO roles in various industrial companies such as BOS Group, IFA Group, and GKN Automotive and has held management positions for the Elster Group for over 18 years.
“With his years of management experience in finance and controlling, he will provide an important stimulus for KraussMaffei,” concluded Zhang.
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