LyondellBasell Unveils New Leadership Transition in Finance

LyondellBasell Announces Leadership Change in Finance

LyondellBasell has made a significant announcement regarding its executive leadership. Beginning March 1, 2025, Michael McMurray will retire from his position as executive vice president and chief financial officer. He will be succeeded by Agustin Izquierdo, who currently holds the title of senior vice president for Olefins & Polyolefins Americas and Refining. Until his official transition, Izquierdo will continue to fulfill his present duties.

Acknowledging Contributions and Leadership

Peter Vanacker, the CEO of LyondellBasell, expressed deep gratitude for McMurray's contributions over the past five years. "Michael has been a key player in shaping our strategy and enhancing our financial performance. His leadership has been pivotal in transforming our finance department, ensuring we meet the needs of a dynamic market," said Vanacker. He also commended the company for promoting internal talent, emphasizing that Izquierdo’s extensive experience will be invaluable in navigating future challenges.

Agustin Izquierdo’s Path to CFO

Izquierdo joined LyondellBasell in November 2022 as the vice president for Strategy & Finance, Intermediates & Derivatives. Before that, he spent over a decade at BASF in various high-level roles, culminating in his tenure as vice president of Planning, Finance, and Digital. This background equips him with a unique perspective that he plans to leverage in his new role.

Looking Ahead: Strategic Goals

Excitement surrounds Agustin's future at LyondellBasell. In his own words, "I'm eager to step into the CFO role and collaborate with our talented team to drive performance. Since my arrival in 2022, we have made significant headway in our strategic initiatives. I aim to build upon Michael's achievements and our robust financial foundation to propel us forward." His enthusiasm reflects a commitment to maintaining the momentum gained under McMurray's guidance.

A Fond Farewell from McMurray

Reflecting on his time, McMurray stated, "Serving as CFO at LyondellBasell has been a tremendous honor. I sincerely thank my colleagues and the Board for their unwavering support as we tackled numerous challenges and seized opportunities that strengthened LYB's financial standing. I am confident in the company's future." His sentiments resonate with the collective appreciation for his leadership during transformative times.

About LyondellBasell

LyondellBasell is a global leader in the chemical industry, committed to creating sustainable solutions for everyday life. Through cutting-edge technology and focused investments, the company strives to enable a circular economy with lower carbon emissions. As one of the world’s largest plastic producers, LyondellBasell addresses key global challenges, providing innovative products ranging from sustainable transportation fuel to improved healthcare solutions.

Company Contact Information

For further inquiries, please contact:
Media Contact: Monica Silva at +1 713-309-4791
Investor Contact: David Kinney at +1 713-309-7141
Nick Facchin, LyondellBasell, at 713-623-3643
Email: nick.facchin@lyondellbasell.com

Frequently Asked Questions

Who is the new CFO of LyondellBasell?

The new CFO will be Agustin Izquierdo, effective March 1, 2025.

What are Michael McMurray's contributions to LyondellBasell?

McMurray has significantly shaped the company's finance strategy and enhanced financial performance during his tenure.

What experience does Agustin Izquierdo have?

Izquierdo has extensive experience, previously working at BASF for over a decade and joining LyondellBasell in 2022.

What is LyondellBasell known for?

LyondellBasell is known for being one of the largest producers of polymers and innovative products that support sustainability.

How can I contact LyondellBasell?

You can reach out for media inquiries or investment contact through provided phone numbers and email addresses.

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