HOUSTON and LONDON, Feb. 24,
2015 /PRNewswire/ -- LyondellBasell (NYSE: LYB)
announced today that it has reached an agreement with Karyn F. Ovelmen, executive vice president and
chief financial officer, for her separation from the Company.
Under the agreement, Ovelmen will continue as CFO for up to three
months while the Company conducts a search for her successor.
The firm Egon Zehnder has been retained to assist with the
selection process, which will include internal and external
candidates.
In making today's announcement, Chief Executive Officer
Bob Patel noted: "Karyn has seen the
Company through a financial transformation, during which we have
improved our balance sheet, obtained investment grade ratings, and
instituted a capital deployment plan that has returned significant
value to our shareholders. We wish Karyn much success in her
future endeavors."
Ovelmen previously served as executive vice president and CFO of
Petroplus Holdings AG, a large European refiner and wholesaler of
petroleum products. She also served as executive vice
president and CFO of Argus Atlantic Energy.
Prior to that, Ovelmen served as vice president of external
reporting and investor relations for The Premcor Refining Group
Inc. She also spent 12 years with PricewaterhouseCoopers,
primarily serving the energy industry.
Ovelmen is a member of the Board of Trustees of the United Way
of Greater Houston and serves on
its audit committee.
She received a Bachelor of Arts degree from the University of Connecticut and is a Certified Public
Accountant.
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SOURCE LyondellBasell