LyondellBasell Announces Plans for CFO Retirement and Successor Appointment
LyondellBasell (NYSE: LYB) announced that Michael McMurray will retire as executive vice president and chief financial officer effective March 1, 2025. He will be succeeded by Agustin Izquierdo, currently serving as senior vice president of Olefins & Polyolefins Americas & Refining. Izquierdo joined LyondellBasell in November 2022 and previously held various leadership positions at BASF from 2009 to 2022, as well as working in Morgan Stanley's Investment Banking Division. McMurray's five-year tenure was marked by transforming the finance function and driving shareholder returns amid challenging market conditions.
LyondellBasell (NYSE: LYB) ha annunciato che Michael McMurray si ritirerà come vicepresidente esecutivo e chief financial officer a partire dal 1 marzo 2025. Sarà succeduto da Agustin Izquierdo, attualmente vicepresidente senior di Olefins & Polyolefins Americas & Refining. Izquierdo è entrato in LyondellBasell nel novembre 2022 e ha ricoperto varie posizioni dirigenziali in BASF dal 2009 al 2022, oltre a lavorare nella Divisione Investment Banking di Morgan Stanley. Il mandato di cinque anni di McMurray è stato caratterizzato da una trasformazione della funzione finanziaria e dalla promozione dei ritorni per gli azionisti in un contesto di mercato difficile.
LyondellBasell (NYSE: LYB) anunció que Michael McMurray se retirará como vicepresidente ejecutivo y director financiero a partir del 1 de marzo de 2025. Será sucedido por Agustin Izquierdo, quien actualmente se desempeña como vicepresidente senior de Olefins & Polyolefins Americas & Refining. Izquierdo se unió a LyondellBasell en noviembre de 2022 y ocupó varios puestos de liderazgo en BASF desde 2009 hasta 2022, además de haber trabajado en la División de Banca de Inversión de Morgan Stanley. El mandato de cinco años de McMurray estuvo marcado por la transformación de la función financiera y el impulso de los rendimientos para los accionistas en un entorno de mercado desafiante.
리온델바젤(LyondellBasell, NYSE: LYB)는 마이클 맥머리(Michael McMurray)가 2025년 3월 1일부로 부사장 겸 최고 재무 책임자(CFO)로서 은퇴한다고 발표했습니다. 그는 현재 올레핀 및 폴리올레핀 아메리카스 및 정제 사업부의 수석 부사장으로 재직 중인 아구스틴 이즈키에르도(Agustin Izquierdo)가 후임으로 임명됩니다. 이즈키에르도는 2022년 11월 리온델바젤에 합류했으며, 2009년부터 2022년까지 BASF에서 여러 리더십 직책을 맡았으며, 모건 스탠리의 투자은행 부서에서도 근무한 바 있습니다. 맥머리의 5년 임기는 재무 기능을 혁신하고 어려운 시장 환경 속에서 주주 가치를 극대화한 것으로 특징지어집니다.
LyondellBasell (NYSE: LYB) a annoncé que Michael McMurray prendra sa retraite en tant que vice-président exécutif et directeur financier à compter du 1er mars 2025. Il sera remplacé par Agustin Izquierdo, qui occupe actuellement le poste de vice-président senior des olefins et polyoléfines pour les Amériques et le raffinage. Izquierdo a rejoint LyondellBasell en novembre 2022 et a précédemment occupé divers postes de direction chez BASF de 2009 à 2022, ainsi que travaillé dans la division banque d'investissement de Morgan Stanley. Le mandat de cinq ans de McMurray a été marqué par la transformation de la fonction financière et l'augmentation des rendements pour les actionnaires dans un contexte de marché difficile.
LyondellBasell (NYSE: LYB) gab bekannt, dass Michael McMurray zum 1. März 2025 als Executive Vice President und Chief Financial Officer in den Ruhestand geht. Nachfolger wird Agustin Izquierdo, der derzeit als Senior Vice President von Olefins & Polyolefins Americas & Refining tätig ist. Izquierdo trat im November 2022 in LyondellBasell ein und hatte zuvor von 2009 bis 2022 verschiedene Führungspositionen bei BASF inne sowie in der Investment Banking Division von Morgan Stanley gearbeitet. McMurrays fünfjährige Amtszeit war geprägt von einer Umgestaltung der Finanzfunktion und der Steigerung der Aktionärsrenditen in einem herausfordernden Marktumfeld.
- Internal succession plan demonstrates organizational stability
- New CFO brings extensive industry and financial experience from BASF and Morgan Stanley
- None.
HOUSTON and LONDON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- 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 LYONDELLBASELL
We 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.
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