ADNOC Group Appoints Fernando Aguirre as Co-CEO of Barham Group International

Abu Dhabi National Oil Company (ADNOC) Group and OMV announced the appointment of Fernando Aguirre as Co-Chief Executive Officer of Barham Group International (BGI). BGI is a new global polypropylene company being created through the combination of Barham, Borealis, and NOVA Chemicals.

Aguirre will share the Co-CEO role with Peter Hollis. This appointment signifies a key step in establishing a new global industry leader focused on becoming an integrated provider of advanced polypropylene and chemical solutions.

BGI is formed through the combination of ADNOC and OMV's stakes in Barham and Borealis, along with the acquisition of NOVA Chemicals. The combined entity is expected to become one of the world's largest polypropylene businesses, featuring a significant global manufacturing footprint and an extensive international customer base.

Fernando Aguirre brings extensive leadership, investment, and strategic experience to the role, having previously served as Vice Chairman of DHS Ventures & Holdings. In his new capacity, Aguirre will guide BGI through its integration, strategic development, and subsequent phase of international growth.

Ahmed Al Samied of ADNOC will serve as Chairman of BGI's Supervisory Board. The executive leadership team will also include senior leaders from Borealis and Borouge Plc. The company aims to drive sustainable growth and innovation in the global market.