LyondellBasell CEO Bob Patel to retire by end of 2021; board starts successor search

LyondellBasell Industries N.V.

CEO Bob Patel intends to retire effective December 31, 2021; he will continue to lead until then.
Board formed a sub-committee to oversee CEO search, considering both internal and external candidates.
Patel will also resign from the Board upon departure; resignation not due to any disagreements.
Patel joined LyondellBasell in 2010, became CEO in January 2015; led growth including A. Schulman acquisition.
Company highlighted expansion, sustainability goals, and consistent dividend increases under Patel's leadership.

item 5.02 item 9.01

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Departed

Bhavesh V. (Bob) Patel

Chief Executive Officer and Director

LYB · LyondellBasell Industries N.V.

Effective: 2021-12-31
Filed: August 25, 2021, 7:59 PM ET

announced that Bhavesh V. (Bob) Patel, Chief Executive Officer and Director of LyondellBasell Industries N.V. (the “Company”), has provided the Company with notice of his intent to retire.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Bhavesh V. (Bob) Patel departed as Chief Executive Officer and Director at LyondellBasell Industries N.V..

Action: retire
Role: Chief Executive Officer and Director

Exact text from the filing

announced that Bhavesh V. (Bob) Patel, Chief Executive Officer and Director of LyondellBasell Industries N.V. (the “Company”), has provided the Company with notice of his intent to retire.

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Source: SEC EDGAR

accession 0001104659-21-109143

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