LyondellBasell (NYSE: LYB) has recently announced the retirement of Michael McMurray, the current Executive Vice President and Chief Financial Officer, effective March 1, 2025. He will be succeeded by Agustin Izquierdo, the company’s Senior Vice President, Olefins & Polyolefins Americas & Refining.
McMurray, who has been with LyondellBasell for the past five years, has played a significant role in the company's strategy and financial performance. During his tenure, he transformed the finance function, brought in highly-talented individuals with a strong business focus, and drove shareholder returns in a dynamic and challenging market environment.
Upon assuming the role of Chief Financial Officer, Izquierdo will leverage his extensive business and financial experience, gained during his time at Basf and Morgan Stanley, to continue delivering value to LyondellBasell's shareholders.
Under McMurray's leadership, the company has made significant progress in its strategic initiatives since 2022. It's evident that LyondellBasell is well-positioned for continued success under the new leadership.
The company's commitment to enabling a circular and low carbon economy, along with its focus on developing high-quality and innovative products for various applications, underscores its dedication to unlocking value for customers, investors, and society. As a result of these announcements, the company's shares have moved 1.3% on the market, and are now trading at a price of $83.87. Check out the company's full 8-K submission here.
