Peter Vanacker to Assume Role as LyondellBasell CEO on May 23

Rhea-AI Summary

LyondellBasell (NYSE: LYB) has appointed Peter Vanacker as its new chief executive officer, effective May 23, 2022. The Board of Directors made this decision in December 2021. Vanacker, who has over 30 years of industry experience and was previously the President and CEO of Neste, aims to drive sustainable solutions while enhancing operational excellence and financial discipline at LyondellBasell. The company is recognized for its innovative contributions to the chemical industry and has been named one of FORTUNE Magazine's 'World's Most Admired Companies' for five consecutive years.

Positive

• Peter Vanacker brings over 30 years of industry experience to the role.
• The appointment is expected to drive sustainable solutions and accretive growth.
• LyondellBasell has been recognized as one of FORTUNE's 'World's Most Admired Companies' for five consecutive years.

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• None.

HOUSTON, March 29, 2022 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced Peter Vanacker will assume his role as the company's chief executive officer on May 23, 2022. The Company's Board of Directors appointed Vanacker to the position in December 2021.

"It is a real honor for me to join LyondellBasell at this very exciting time for our industry. LyondellBasell has a rich legacy as an innovation and technology leader and is recognized for its operational excellence and financial discipline," said Vanacker. "I am very inspired to continue this successful journey with a talented and passionate team to deliver sustainable solutions for our customers and other stakeholders."

"Peter's proven leadership capabilities and strategic vision will position LyondellBasell well for the future, and I look forward to partnering with him to drive accretive growth for our company," said Jacques Aigrain, Board Chair.

Vanacker brings more than 30 years of industry experience to his new role, including serving as President and CEO of Neste since 2018.

About LyondellBasell
As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best operated and most valued company in our industry. The company's products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce.  The company takes great pride in its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonization. In 2022, LyondellBasell was named as one of FORTUNE Magazine's "World's Most Admired Companies" for the fifth consecutive year. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

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SOURCE LyondellBasell

FAQ

Who is the new CEO of LyondellBasell as of May 23, 2022?

Peter Vanacker is the new CEO of LyondellBasell, effective May 23, 2022.

What experience does Peter Vanacker have?

Peter Vanacker has over 30 years of industry experience, including his role as President and CEO of Neste.

When was Peter Vanacker appointed as CEO by LyondellBasell's Board?

Peter Vanacker was appointed by LyondellBasell's Board of Directors in December 2021.

What recognition has LyondellBasell received recently?

LyondellBasell was named one of FORTUNE Magazine's 'World's Most Admired Companies' for the fifth consecutive year.