LyondellBasell CFO Michael McMurray to retire March 1, 2025; Agustin Izquierdo named successor

LyondellBasell Industries N.V.

Michael McMurray will retire as CFO effective March 1, 2025, and remain in advisory role until March 2026.
Agustin Izquierdo, currently SVP O&P Americas & Refining, appointed EVP and CFO effective March 1, 2025.
Izquierdo joined LYB in Nov 2022; prior roles at BASF and Morgan Stanley Investment Banking.
McMurray to receive continued base salary, STI target of 95%, LTI target of 400% for 2025; no 2026 LTI grants.
Izquierdo will receive base salary of $650,000, STI target 90%, LTI target 250% allocated 60% PSUs and 40% RSUs.

item 5.02 item 9.01

Executive movements

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Departed

Michael McMurray

Chief Financial Officer

LYB · LyondellBasell Industries N.V.

Effective: 2025-03-01
Successor: Agustin Izquierdo
Filed: November 22, 2024, 6:59 PM ET

On November 22, 2024, LyondellBasell Industries N.V. (the “Company”) announced that effective March 1, 2025, Michael McMurray will retire as Chief Financial Officer.

Appointed

Agustin Izquierdo

Executive Vice President and Chief Financial Officer

LYB · LyondellBasell Industries N.V.

Effective: 2025-03-01
Filed: November 22, 2024, 6:59 PM ET

In connection with his retirement, the Board of Directors of the Company has appointed Agustin Izquierdo to serve as Executive Vice President and Chief Financial Officer, also effective March 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael McMurray departed as Chief Financial Officer at LyondellBasell Industries N.V..

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On November 22, 2024, LyondellBasell Industries N.V. (the “Company”) announced that effective March 1, 2025, Michael McMurray will retire as Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Agustin Izquierdo was appointed as Executive Vice President and Chief Financial Officer at LyondellBasell Industries N.V..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

In connection with his retirement, the Board of Directors of the Company has appointed Agustin Izquierdo to serve as Executive Vice President and Chief Financial Officer, also effective March 1, 2025.

View on SEC.gov

LyondellBasell Industries N.V. filing history →

Source: SEC EDGAR

accession 0001104659-24-122110

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