OMV Petrom
Valentin Popescu is an experienced finance professional with over two decades at OMV Petrom, serving as Head of Treasury, Risk and Insurance Management, where responsibilities include overseeing corporate treasury activities across multiple countries, managing liquidity, cash optimization, risk management, and insurance policies. Key achievements include the implementation of a Treasury Management System and restructuring financing for affiliates. Prior roles include Senior Department Manager Treasury, Senior Expert Corporate Treasury, and Head of Cash Management, with a strong background in bank relationship management, financing projects, and cash management strategies. Valentin Popescu holds an EMBA from The University of Sheffield and post-graduate studies in IAS Accounting from Academia de Studii Economice din București, alongside a degree in Finance from the Faculty of Economy and Business Administration. Additionally, Valentin Popescu served as Vice President of Asociatia Trezorierilor din Romania from April 2018 to April 2021.
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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.