OMV Won't Sue Former CEO Seele for Damages Following Special Audit
07 Setembro 2022 - 2:36PM
Dow Jones News
By Giulia Petroni
OMV AG on Wednesday said the special audit commissioned by the
company to investigate former Chief Executive Rainer Seele found no
sufficient legal basis for actionable misconduct.
"The supervisory board follows the recommendation of the legal
experts and, as things stand today, will not instigate legal action
and will propose to the upcoming Annual General Meeting that the
former chairman of the executive board be discharged," the Austrian
oil-and-gas company said.
Possible breaches of duty and potential claims for damages
against Mr. Seele were investigated in relation to the conclusion
of a side agreement with an OMV executive; the conclusion of a
sports sponsorship agreement with the Zenit St. Petersburg football
club in 2018; and amendments to gas-supply agreements with Gazprom
Export in 2018.
The report was conducted by German law firm Gleiss Lutz and the
Austrian law firm hba.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 07, 2022 13:21 ET (17:21 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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