PITTSBURGH--(Business Wire)--
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.
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.
Responsible Care® is a registered trademark of the Canadian Chemical Producers
Association (CCPA) in Canada and is a registered service mark of the American
Chemistry Council (ACC) in the United States.
NOVA Chemicals
Wendy Lomicka, 412-490-4292
Director, Corporate Communications
E-mail: lomickaw@novachem.com
Copyright Business Wire 2009
