LyondellBasell said Michael McMurray will retire as Chief Financial Officer effective November 22, 2024, and Agustin Izquierdo will be appointed Executive Vice President and Chief Financial Officer effective March 1, 2025.

1. 01

   LyondellBasell said Michael McMurray will retire as Chief Financial Officer effective November 22, 2024, and Agustin Izquierdo will be appointed Executive Vice President and Chief Financial Officer effective March 1, 2025.

2. 02

   The company said Agustin Izquierdo, age 47, joined the company in November 2022 and has served as Senior Vice President, O&P Americas & Refining since April 2024. It said he previously worked at BASF from 2009 to 2022.

3. 03

   The company said McMurray will continue in an advisory role from March 2025 until his full retirement in March 2026, with his base salary continuing to be paid. His target STI bonus will remain 95% of base salary, and his target LTI award for 2025 will be 400% of base salary.

4. 04

   The company said Izquierdo will receive a base salary of $650,000 starting March 1, 2025. His STI target bonus will be 90% of base salary, and his LTI target award will be 250% of base salary, allocated among performance share units (60%) and restricted stock units (40%).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.