---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-122110"
form_type: "8-K"
ticker: "LYB"
cik: "0001489393"
company_name: "LyondellBasell Industries N.V."
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T19:41:19.400853+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-122110
- form_type: 8-K
- ticker: LYB
- cik: 0001489393
- company_name: LyondellBasell Industries N.V.
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1489393/000110465924122110/0001104659-24-122110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1489393/000110465924122110/tm2428655d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-122110
- JSON: https://secwatch.observer/filing/0001104659-24-122110.json
- Plain text: https://secwatch.observer/filing/0001104659-24-122110.txt

## Key facts
- Executive change
  Michael McMurray departed as Chief Financial Officer at LyondellBasell Industries N.V..
  - Action: retire
  - Role: Chief Financial Officer
  source text: On November 22, 2024, LyondellBasell Industries N.V. (the “Company”) announced that effective March 1, 2025, Michael McMurray will retire as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1489393/000110465924122110/0001104659-24-122110-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1489393/000110465924122110/0001104659-24-122110-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.