leadership
confidence high
sentiment neutral
materiality 0.55
Westlake CFO Bender to retire; board adds former LyondellBasell CEO Patel and CEO Gilson
WESTLAKE CORP
- CFO M. Steven Bender notified intent to retire, effective upon appointment of a successor.
- Board expanded to 14 members; elected Bhavesh V. "Bob" Patel (former LyondellBasell CEO) as Class III director.
- CEO Jean-Marc Gilson elected as Class I director; serves without additional compensation.
- Patel received $175,000 in RSUs vesting Feb 20, 2027; will serve on Audit, Compensation, and other committees.
- Patel also serves on boards of Air Products and Dallas Fed Houston Branch; brings chemical industry expertise.