HOUSTON and LONDON, May 31,
2019 /PRNewswire/ -- LyondellBasell (NYSE: LYB), one of
the largest plastics, chemicals and refining companies in the
world, today announced the following senior leadership changes.
Thomas Aebischer, executive vice
president and chief financial officer, has announced his intention
to retire at the end of 2019. Aebischer joined LyondellBasell in
January 2016 and played an
instrumental role in building and enhancing the corporate finance
function, helping to shape the company's growth strategy and
leading the standardization of key business processes.
"Over the past several years, Thomas has helped the company
think through our next phase of growth and how we will continue to
deliver exceptional value for shareholders," said Bob Patel, LyondellBasell CEO. "I want to thank
Thomas and wish him well as he enters the next chapter."
The company will be conducting a search for Aebischer's
replacement over the next several months and anticipates naming
this individual prior to the end of the year.
In addition, Torkel Rhenman will
join LyondellBasell as executive vice president, Intermediates
& Derivatives (I&D) effective July
1. Rhenman succeeds James
Guilfoyle who was appointed executive vice president,
Advanced Polymer Solutions and Global Supply Chain in 2018.
Rhenman is a well-rounded leader with a full range of experience
leading global businesses, manufacturing, customer-facing roles and
in emerging markets. Most recently, Rhenman was the chief executive
officer of the Lhoist Group, a Belgium-based global minerals and mining
company with 100 plants serving the steel, pulp and paper, mining,
agriculture and construction industries. Prior to his role at
Lhoist, Rhenman held a variety of positions in the U.S., U.K.,
Scandinavia, Switzerland, the
Czech Republic, the Netherlands, and Japan with DuPont over a 26-year period.
Rhenman holds a Master of Science in chemical engineering from the
Royal Institute of Technology in Stockholm, Sweden.
"Torkel brings a global perspective, depth of knowledge and a
track record of creating value in the organizations he has led,"
said Patel. "As we look to the future, I'm confident that he will
bring these experiences to the continued execution of our company's
growth strategy."
About LyondellBasell
LyondellBasell (NYSE: LYB) is one
of the largest plastics, chemicals and refining companies in the
world. Driven by its employees around the globe, LyondellBasell
produces materials and products that are key to advancing solutions
to modern challenges like enhancing food safety through lightweight
and flexible packaging, protecting the purity of water supplies
through stronger and more versatile pipes, improving the safety,
comfort and fuel efficiency of many of the cars and trucks on the
road, and ensuring the safe and effective functionality in
electronics and appliances. LyondellBasell sells products into more
than 100 countries and is the world's largest producer of polymer
compounds and the largest licensor of polyolefin technologies. In
2019, LyondellBasell was named to Fortune magazine's list of the
"World's Most Admired Companies." More information about
LyondellBasell can be found at www.LyondellBasell.com.
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SOURCE LyondellBasell