KASSEL/HAMBURG (dpa-AFX) - The Board of Executive Directors of Wintershall Dea is to be reorganized following the planned partial sale. The chemical group BASF and the investment company Letterone intend to propose Stefan Schnell and Larissa Janz to the Supervisory Board as new members, the oil and gas company announced on Wednesday. BASF manager Schnell is to be promoted to head of Wintershall Dea, while Janz is to become his deputy. The current CEO Mario Mehren and CFO Paul Smith will resign from their positions after the transaction is completed.

In December, the shareholders of Wintershall Dea announced the long-awaited partial sale of Wintershall Dea to the British oil company Harbour Energy, which is to be completed in the fourth quarter of 2024. The transaction excludes the Russian business and the stake in the company Wiga./ngu/he