Westlake appoints Jean-Marc Gilson as President and CEO; Chao family moves to Chairman roles

WESTLAKE CORP

Jean-Marc Gilson (former CEO of Mitsubishi Chemical Group) becomes President and CEO effective July 15, 2024.
Albert Chao transitions to Executive Chairman; James Chao becomes Senior Chairman.
Gilson receives $1.25M base salary, 120% target bonus, LTI 400% of base, and $3M sign-on RSUs vesting in 3 years.
Leadership change is culmination of board's succession planning; first non-family CEO.
Gilson also appointed President and CEO of Westlake Chemical Partners GP LLC (WLKP).

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Albert Chao

Executive Chairman of the Board

WLK · WESTLAKE CORP

Effective: 2024-07-15
Successor: Jean-Marc Gilson
Filed: July 15, 2024, 7:59 PM ET

Albert Chao, formerly the President, Chief Executive Officer and Director of the Company, transitioned to the position of Executive Chairman of the Board.

Appointed

Jean-Marc Gilson

President and Chief Executive Officer

WLK · WESTLAKE CORP

Effective: 2024-07-15
Filed: July 15, 2024, 7:59 PM ET

Jean-Marc Gilson was appointed as the President and Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Albert Chao changed role as Executive Chairman of the Board at WESTLAKE CORP.

Action: transitioned to
Role: Executive Chairman of the Board

Exact text from the filing

Albert Chao, formerly the President, Chief Executive Officer and Director of the Company, transitioned to the position of Executive Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jean-Marc Gilson was appointed as President and Chief Executive Officer at WESTLAKE CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Jean-Marc Gilson was appointed as the President and Chief Executive Officer of the Company.

View on SEC.gov

WESTLAKE CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-178846

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