Wintershall DEA

On 6th November 2018, BASF and LetterOne resolved to appoint Paul Smith as the future CFO and member of the board of management of Wintershall DEA. His appointment comes into effect on completion of the merger between Wintershall and DEA. Subject to obtaining the standard authorisations from the relevant government authorities, this is expected to take place within the first half of 2019. Smith has over 25 years of international experience in the oil and gas industry, having previously worked for Vesta Energy, Talisman Energy and BP