LYB LyondellBasell Industries NV

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 24, 2015

 

 

LYONDELLBASELL INDUSTRIES N.V.

(Exact Name of Registrant as Specified in Charter)

 

 

 

The Netherlands		001-34726		98-0646235
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

1221 McKinney St. ,Suite 300 Houston, Texas USA 77010		1 Berkeley Street Mayfair, London The United Kingdom W1J8DJ		Stationsplein 45 3013 AK Rotterdam The Netherlands

(Addresses of principal executive offices)

 

(713) 309-7200		+44 (0)20 7016 9527		+31 (0)10 275 5500

(Registrant’s telephone numbers, including area codes)

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of Certain Officers

On February 24, 2015, LyondellBasell Industries N.V. (the “Company”) announced that Karyn F. Ovelmen, the Company’s Executive Vice President and Chief Financial Officer, will be leaving the Company. Ms. Ovelmen has committed to continue serving as the Company’s Chief Financial Officer for up to three months while the Company conducts a search for her successor.

Item 9.01 Financial Statements and Exhibits

 

99.1		Press Release dated February 24, 2015

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

				LYONDELLBASELL INDUSTRIES N.V.
Date: February 26, 2015				By:		/s/ Bhavesh V. Patel
						Bhavesh V. Patel
						Chief Executive Officer

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Exhibit Index

 

99.1		Press Release dated February 24, 2015

Exhibit 99.1

 

NEWS RELEASE

FOR IMMEDIATE RELEASE

LyondellBasell Announces Departure of Chief Financial Officer

HOUSTON and LONDON, Feb. 24, 2015 — 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

 

Media Contact:		George Smalley +1 713-309-7575
Investor Contact:		Douglas J. Pike +1 713-309-7141

LyondellBasell

www.lyondellbasell.com