NOVA Chemicals Announces New Board of Directors
Pittsburgh, PA (November 11,
2009) — NOVA
Chemicals today announced the membership of its new Board of Directors,
including the appointment of Dr. Gerhard Roiss as Chairman of the Board and
Mohamed Al Mehairi as Vice Chairman. International Petroleum Investment
Corporation (IPIC) and OMV Aktiengesellschaft (OMV) recently received clearance
from the European Commission with respect to their plans for potential joint
control of NOVA Chemicals. Accordingly, effective November 10, 2009, NOVA
Chemicals’ Board was expanded to consist of seven directors.
The members of the new NOVA Chemicals Board are:
Gerhard Roiss, Chairman – Deputy CEO of OMV and Chairman of Borealis AG (Borealis) Supervisory Board
Mohamed Al Mehairi, Vice Chairman – Director, Investments of IPIC, member of Borealis Supervisory Board
David C. Davies – Chief Financial Officer (CFO) of OMV, member of Borealis Supervisory Board
Georg F. Thoma – Shearman Sterling LLP
Philip J. Brown – Torys LLP
Mark Garrett – Chief Executive Officer (CEO) of Borealis
Randy G. Woelfel – CEO Designate of NOVA Chemicals
In addition, NOVA Chemicals confirmed that November 16, 2009 is the effective date for the previously announced appointments of Randy Woelfel as CEO and Todd Karran as CFO and Treasurer.
About NOVA Chemicals
NOVA Chemicals develops and manufactures chemicals, plastic resins and end-products that make everyday life safer, healthier and easier. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to sustainability and Responsible Care®. NOVA Chemicals is a wholly owned subsidiary of The International Petroleum Investment Company (IPIC) of the Emirate of Abu Dhabi. Learn more at www.novachemicals.com.
Media inquiries, please contact
Wendy Lomicka — Director, Corporate Communications, NOVA Chemicals