OMV Petrom
Elisabeta Toader has over 15 years of experience in finance and accounting, currently serving as the Head of Venture Finance & Accounting and BP Operations at OMV Petrom since September 2009. In this role, responsibilities include directing internal audit, managing local treasury, overseeing budgets, financial analysis, and controlling. Previous positions at OMV Petrom include Department Manager for SAP and automation projects CFO E&P and Department Manager for Finance & Controlling. Prior to OMV Petrom, Elisabeta held the position of Plant Accounting Manager at Cargill Oils, focusing on plant accounting, compliance with policies, and budget management. Elisabeta holds an MBA in financial management and business administration from Facultatea de Economie si Administrarea Afacerilor and an IFRS accounting standards specialization from the European Institute.
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OMV Petrom
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OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 41 million boe in 2023. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant. The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands – OMV and Petrom. OMV Petrom is a company in which, as of end-2023, Romanian shareholders hold over 43% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 22.5% are owned by pension funds in Romania, to which are added almost 500,000 individual investors and other Romanian entities). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.2% stake in OMV Petrom, and the remaining 5.6% are held by other foreign investors. Of the total shares of OMV Petrom, 28.1% represents the free float on the Bucharest Stock Exchange. OMV Petrom is one of the largest contributors to the state budget, with approximately 42 billion euro in taxes and dividends paid between 2005 and 2023. During the same period, the company invested approximately 18 billion euro. Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2023, the company has allocated around 160 million euro to develop communities in Romania, focusing on environmental protection, education, health, and local development. On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change. OMV Petrom annually reports on the progress made in implementing these recommendations.