LyondellBasell Names Neste Chief Vanacker to Succeed Patel as CEO

By Colin Kellaher

LyondellBasell Industries N.V. on Monday said it has tapped Peter Vanacker to succeed Bhavesh Patel as chief executive, plucking him from Finnish oil refiner Neste Corp.

Plastics, chemicals and refining company LyondellBasell, which in August announced Mr. Patel's plans to retire at the end of the year, said Mr. Vanacker would join no later than June 2022 upon completion of the notice period under his employment agreement with Neste, where he has served as president and CEO for three years.

Neste announced Mr. Vanacker's pending departure last week.

LyondellBasell said Kenneth Lane, executive vice president of global olefins and polyolefins, will serve as interim CEO upon Mr. Patel's retirement.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 13, 2021 07:11 ET (12:11 GMT)

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