End of an era: Ruttenstorfer, the man who bought Petrom, leaves - financiare.ro
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News » February, 2011 » 22 February 2011

End of an era: Ruttenstorfer, the man who bought Petrom, leaves
22.02.2011, 00:10 | Business | 842 views



In almost one month's time, Wolfgang Ruttenstorfer, 61, the man who bought the biggest company in Romania, Petrom, will step down as CEO of OMV, after a nearly ten-year term at the helm of the Austrian petroleum group. Tomorrow Petrom and OMV announce the last financial results under Ruttenstorfer.

Ruttenstorfer and Treichl, another austrian - CEO of Erste Bank, the owner of BCR in Romania - who's mandate will expire in one year, can be considered the most powerful executives in Romania given that Petrom controls around 40% of fuel distribution, and BCR accounts for 20% of the banking market.

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