OMV CEO: I'm confident Romania will recover in 2011

Next March, the man who in 2004 bought the Romanian state’s most valuable asset, Petrom, will withdraw from the group he has been running for almost ten years. Wolfgang Ruttenstorfer, OMV’s CEO, the best-known head of an international company in Romania, says Petrom’s reshuffling is almost complete, with the Austrians facing a new challenge: Turkey.

Nearing the end of his term, OMV’s CEO says his main achievement was to have turned the group from an Austrian company into an international one, with Petrom’s acquisition as the cherry on top.
OMV’s CEO was unwilling to say more about his term that is coming to an end, but he wanted to specify his departure from OMV would have an impact over the management of Romanian operations.
Speaking about Romania, the market that practically doubled OMV’s turnover, Ruttenstorfer calls for more optimism, saying 2011 will bring economic growth domestically, too. “I am confident Romania will recover in 2011. You entered recession a year after European economies and will exit it a year later, but it takes more optimism. (…),” said OMV’s CEO.