secwatch.observer — SEC 8-K summary
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Issuer:     LyondellBasell Industries N.V. (LYB)
CIK:        0001489393
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001104659-24-122110
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489393/000110465924122110/0001104659-24-122110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489393/000110465924122110/tm2428655d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-122110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer