Vienna-based Borealis AG reported that its Chief Financial Officer (CFO), Mark J.S. Tonkens, will leave the Executive Board by mutual agreement, effective May 31.
The Board appointed Daniel Turnheim, 48, as Borealis’ new CFO, as of June 1. The appointment spans a three-year period, with the option to extend by two years, subject to mutual consent.
Turnheim, an Austrian citizen, has had a long-standing career in Austrian oil and gas and petrochemicals group OMV AG, which owns a 75% controlling stake in Borealis. Since joining the OMV group in 2002, Turnheim has held various senior management functions in OMV Finance. He is currently Senior Vice President Finance & Tax at OMV AG.