ADNOC and OMV have announced the executive leadership team for Borouge Group International AG, marking a key step toward the creation of a new global chemicals company. The leadership announcement comes ahead of the expected completion of the merger involving Borouge, Borealis and the planned acquisition of NOVA Chemicals. The transaction is anticipated to close by the end of March.
The combined entity is expected to become the world’s fourth-largest polyolefins producer, surpassing SABIC in scale.
Sultan Ahmed Al Jaber has been appointed Chairman of the Supervisory Board, underscoring ADNOC’s role in the strategic direction of the new company.
Roger Kearns will serve as Chief Executive Officer. He currently leads NOVA Chemicals and brings experience in overseeing large-scale international operations and expansion projects.
Stefan Doboczky has been named Chief Commercial Officer, while Hasan Karam will assume the role of Chief Operating Officer in the new entity.
The leadership team includes executives with experience across operations, commercial strategy, and project execution, reflecting the scale and complexity of the combined business.
The formation of Borouge Group International is aimed at building a globally integrated chemicals platform with operations across multiple regions. The company is expected to combine production assets, technology capabilities, and commercial networks to expand market reach and improve operational efficiency.
ADNOC and OMV stated that the new structure will enable the company to better manage market cycles and deliver long-term value to shareholders.
As part of the transition process, a permanent Chief Financial Officer is expected to be appointed by May. Daniel Turnheim will serve as interim CFO until then.
During the transition, Borouge Plc will continue to operate as a listed company on the Abu Dhabi Securities Exchange, with its existing leadership team remaining in place until integration is completed.
The phased transition is intended to ensure operational continuity while the merger process is finalized.
