Borealis appoints Stefan Doboczky as new CEO
The Supervisory Board of Borealis today announced Stefan Doboczky as the new CEO of Borealis, effective July 1, 2024.
Daniela Vlad, Chairwoman of the Supervisory Board of Borealis and EVP Chemicals of OMV: “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. OMV and ADNOC – both companies represented in the Borealis Supervisory Board – are supportive of this appointment. I look forward to working with Stefan Doboczky in his new role, as he takes the helm of a world-class company which is one of OMV Group’s pivotal driver for future growth.”
Stefan Doboczky: "I would like to thank the Supervisory Board of Borealis for the trust and look forward to further advancing Borealis’ development in the evolving chemicals sector. As a global leader in the area of polymers, Borealis is uniquely positioned in this market with its focus on innovation, sustainability and outstanding 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. I am looking forward to getting to know the Borealis community of customers and suppliers, but most of all its employees."
Stefan Doboczky’s career started in 1992, culminating in executive board and CEO positions at listed chemicals companies internationally. He held a position on the OMV Supervisory Board since 2019, from which he stepped down due to his new role at Borealis. Stefan Doboczky holds a Ph.D. in Chemistry from the Technical University Vienna and an MBA from IMD Lausanne.
About Borealis
Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions. In Europe, Borealis is also an innovative leader in polyolefins recycling and a major producer of base chemicals. We leverage our polymer expertise and decades of experience to offer value-adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility.
With customers in over 120 countries and head office in Vienna, Austria, Borealis employs around 6,000 people. In 2023, we generated a net profit of EUR 216 million. OMV, the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna, Austria, owns 75% of our shares. The Abu Dhabi National Oil Company (ADNOC), based in the United Arab Emirates (UAE), owns the remaining 25%.
In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe. Our operations are augmented by two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar™ (with TotalEnergies, based in the US).