By Giulia Petroni

OMV AG on Friday said that Mark Garrett will resign as supervisory board chairman at the next annual general meeting.

The Austrian oil-and-gas major said Mr. Garrett's decision not to run for another term is due to new professional challenges and limited time resources.

Shareholder Oesterreichische Beteiligungs AG will propose Lutz Feldmann as a candidate for election to the board, according to the company.

OMV is set to host the AGM on May 31.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

April 14, 2023 05:05 ET (09:05 GMT)

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