NEW YORK and LONDON, June 23,
2014 /PRNewswire/ --
The ICIS Kavaler Award, sponsored by The Chemists' Club in
recognition for outstanding achievement as voted on by his peers,
will be awarded to LyondellBasell CEO Jim
Gallogly.
This unique global chemical industry award will be presented to
Mr. Gallogly at a black tie dinner ceremony on Tuesday, September 16, 2014, at the Metropolitan
Club of New York.
The distinguishing feature of this award is that the winner is
selected by his/her peers - the senior executives selected in the
ICIS Top 40 Power Players listing
(http://www.icis.com/about/ICISTop40), a global ranking of the
leaders making the greatest impact on the chemical industry.
"Few have capitalized on the US shale gas boom better than
LyondellBasell. Led by Mr. Gallogly, the company has established
and maintained a solid financial footing for many years to come,"
said Joseph Chang, global editor of
ICIS Chemical Business.
"LyondellBasell has significantly boosted value by returning
profits to shareholders though dividends and stock buybacks - all
while making smart investments in key expansion projects that will
raise cost advantaged capacity without massive capital outlays," he
added.
"At LyondellBasell, we understand the importance of having a
sound business strategy. Striving to get the basics right is
essential. We call it 'Everyday Excellence.' It starts with
operating our facilities safely and reliably. Nothing matters
more. When you do this and apply a disciplined approach to
costs and future investments, special things can happen," said
Jim Gallogly, CEO of
LyondellBasell.
"On behalf of all the employees at LyondellBasell, we thank ICIS
and The Chemists' Club for this recognition. It honors the
hard work of so many in transforming a recently bankrupt company
into an industry leader," Gallogly added.
In the award selection process, ICIS and The Chemists' Club
invited each of the ICIS Top 40 Power Players for 2013 to vote for
three individuals in the ballot, based on newsworthy achievement in
one or more of the following categories:
- Profitability/shareholder value
- Mergers and acquisitions (deals or integration)
- Projects/capital investment
- Innovation - technology, product, business process with an
impact on industry and society
For more information on the ICIS Kavaler Award, please contact
Noel Namuco at The Chemists' Club
noel@chemistsclub.org, 347-501-0007 or Stanley Sehested at LyondellBasell
stanley.sehested@lyondellbasell.com, 713-309-0007.
BACKGROUND
The award is a revival of the Kavaler Award, which was presented
by Chemical Market Reporter to leading chemical CEOs from 1990 to
1999, including Jon Huntsman Sr,
founder, chairman and CEO of Huntsman, and Frank Popoff, chairman and CEO of Dow
Chemical.
Arthur Kavaler, who served for 46
years as reporter, editor and eventually publisher and
editor-in-chief of Chemical Market Reporter - one of the three
publications incorporated into ICIS Chemical Business - passed away
at the age of 91 on January 18,
2012.
Kavaler, a probing reporter and an editor with unwavering
conviction, had a major impact on chemical industry journalism.
About ICIS
ICIS Chemical Business is part of ICIS. ICIS is the
world's largest petrochemical market information provider and has
fast-growing energy and fertilizer divisions. Our aim is to give
companies in global commodities markets a competitive advantage by
delivering trusted pricing data, high-value news, analysis and
independent consulting, enabling our customers to make
better-informed trading and planning decisions. We have more than
30 years' experience in providing pricing information, news,
analysis and consulting to buyers, sellers and analysts.
With a global staff of more than 800, ICIS has employees based
in Houston, Washington, New
York, London, Montpellier,
Dusseldorf, Karlsruhe,
Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo, Perth.
ICIS is a division of Reed Business Information, part of Reed
Elsevier Plc.
Subscribe to ICIS Chemical Business at
http://www.icis-subs.com.
About Reed Business Information
At Reed Business Information we provide information and online
data services to business professionals worldwide. Customers
have access to our high-value industry data, analytics, information
and tools. Our strong global brands hold market-leading positions
across a wide range of industry sectors including banking,
petrochemicals and aviation where we help customers make key
strategic decisions every day. RBI is part of Reed Elsevier, a leading global provider of
data, information and solutions for professional customers.
The Chemists' Club
Founded in 1898, the Chemists' Club's mission is both
professional and social. As a nonprofit 501(c)3 educational
organization, it provides networking opportunities for members to
mix and meet with others who share interests in chemical, paper,
pharmaceuticals, metals, biotech, and similar industries. The Club
is also working to introduce local college students to the range of
career opportunities available in the chemical industry today.
Members include chemists, chemical industry management,
formulators, security analysts, attorneys, educators, and other
professions. For more information about the Chemists's Club, please
go to http://www.thechemistsclub.com.
LyondellBasell
LyondellBasell (NYSE: LYB) is one of the world's largest
plastics, chemical and refining companies and a member of the
S&P 500. LyondellBasell (http://www.lyondellbasell.com)
manufactures products at 55 sites in 18 countries. LyondellBasell
products and technologies are used to make items that improve the
quality of life for people around the world including packaging,
electronics, automotive parts, home furnishings, construction
materials and biofuels.
For media inquiries, contact:
Joseph Chang
Global Editor
ICIS Chemical Business
T: +1-212-791-4224
joseph.chang@icis.com
Roland Stefandl
President
The Chemists' Club
T: +1-201-888-0440
rstefandl@epolychem.com
Stan Sehested
LyondellBasell
T: +1-713-309-0007
stanley.sehested@lyondellbasell.com