LyondellBasell Announces Plans for CFO Retirement and Successor Appointment
November 22 2024 - 6:55AM
LyondellBasell (NYSE: LYB) today announced that effective March 1,
2025, Michael McMurray will retire as executive vice president and
chief financial officer and will be succeeded by Agustin Izquierdo,
currently the company’s senior vice president, Olefins &
Polyolefins Americas & Refining. Until he assumes the role of
chief financial officer, Izquierdo will continue to serve in his
current role.
"We are grateful for Michael McMurray's significant
contributions to LyondellBasell over the past five years,” said
LyondellBasell Chief Executive Officer Peter Vanacker. "Michael's
strategic leadership has been instrumental in building and leading
the company’s strategy and financial performance. He transformed
the finance function, bringing in highly-talented individuals with
strong business focus, while driving shareholder returns and
navigating a dynamic and challenging market environment. I want to
thank him for his partnership, engagement, and devotion to LYB, and
I appreciate his help through the long-term succession planning
process. We are pleased that top talent within our organization is
stepping into the role of chief financial officer. Agustin's
extensive business and financial experience and proven leadership
will be vital as we continue delivering value to our shareholders,”
said Vanacker.
Prior to joining LyondellBasell in November 2022 as vice
president, Strategy & Finance, Intermediates & Derivatives,
Izquierdo served in roles with increasing responsibility at BASF
from 2009 to 2022, including general manager; business director;
and vice president, Planning, Finance and Digital. Prior to BASF,
Izquierdo served in Morgan Stanley’s Investment Banking Division
for nearly a decade.
“I’m excited for this opportunity to transition to the role of
chief financial officer and work with our talented team to drive
performance. Since joining LYB in 2022, the company has continued
to progress our strategy, and I’m ready to build on Michael’s
achievements and our strong financial foundation to drive our
strategic initiatives,” said Izquierdo.
“It has been a privilege to be the CFO of LYB,” commented
McMurray. “I’m deeply thankful to my colleagues and the Board
for their support over the years in tackling complex opportunities
and challenges, while driving LYB’s financial strength. I’m
confident the company is positioned for continued success.”
ABOUT LYONDELLBASELLWe are LyondellBasell (NYSE: LYB) – a
leader in the global chemical industry creating solutions for
everyday sustainable living. Through advanced technology and
focused investments, we are enabling a circular and low carbon
economy. Across all we do, we aim to unlock value for our
customers, investors and society. As one of the world's largest
producers of polymers and a leader in polyolefin technologies, we
develop, manufacture and market high-quality and innovative
products for applications ranging from sustainable transportation
and food safety to clean water and quality healthcare. For more
information, please visit www.LyondellBasell.com or
follow @LyondellBasell on LinkedIn.
Media Contact: Monica Silva +1 713-309-4791Investor Contact:
David Kinney +1 713-309-7141
Nick Facchin
LyondellBasell
713-623-3643
nick.facchin@lyondellbasell.com
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