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06-17-2015

Borealis Appoints New Chairman of the Supervisory Board

H.E. Suhail Al Mazrouei (figure: Borealis)

Borealis AG, Vienna, Austria, announces the appointment of His Excellency Suhail Al Mazrouei, Managing Director of International Petroleum Investment Company (IPIC) to its Supervisory Board and the position of Chairman of the Supervisory Board. Suhail Al Mazrouei replaces H.E. Khadem Al Qubaisi who recently resigned from IPIC's Board of Directors. Among other leadership roles, Suhail Al Mazrouei is also Energy Minister of the United Arab Emirates (UAE) and the Chairman of several other UAE and international companies.

"Borealis has proven to be a very good investment for IPIC. The company has successfully managed an impressive transformation from a European polyolefins company with a small Joint Venture in Abu Dhabi to a global company with three profit centers: Polyolefins, Base Chemicals and Borouge," comments Suhail Al Mazrouei. "Borealis' future growth options are well in line with our strategy to invest in the energy and related sectors across the globe. I look forward to discovering new strategic opportunities together with Borealis' Executive Board, management and employees."

Company profile

Borealis AG

IZD Tower
AT 1220 WIEN
Tel.: +43 1 22400-302
Fax: +43 1 22400-333

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