New LyondellBasell CEO Peter Vanacker, who joined the company from Neste in May, today named his senior executive team and outlined organizational changes, including creation of a circular and low-carbon solutions business. All changes will be effective 1 October.
The business unit executive officers will be as follows: Kimberly Foley—current senior vice president HSE, global engineering and turnarounds—has been named executive vice president, refining, intermediates and derivatives. Kenneth Lane remains executive vice president, olefins and polyolefins (O&P). Torkel Rhenman—current executive vice president, refining, intermediates and derivatives—has been named executive vice president, advanced polymer solutions. James Seward—senior vice president, R&D, technology and sustainability—has been named executive vice president and chief innovation officer. Lastly, Yvonne van der Laan—director, olefins and optimization O&P Europe—has been named executive vice president of the new circular and low-carbon solutions division.
Business units will now have global responsibilities for manufacturing operations, the company says. Leaders for central functions include Tracey Campbell, executive vice president, sustainability and corporate affairs, as well as Dale Friedrichs, executive vice president, operational excellence and health, safety and environment. LyondellBasell is searching for a new executive vice president, people and culture, which is being filled by Friedrichs in an interim role.
James Guilfoyle—executive vice president, advanced polymer solutions & global supply chain—will relocate to Rotterdam and assume the role of senior vice president O&P, Europe, Africa, Middle East and India.
Michael McMurray will continue as executive vice president and chief financial officer, and Jeffrey Kaplan will continue as executive vice president and general counsel.
by Jameson Croteau
The European Union said Monday that it has approved Agrofert Group’s acquisition of Borealis AG’s nitrogen business after concluding that the deal wouldn’t raise competition concerns. Agrofert is a Czech conglomerate, while Austrian chemical and fertilizer company Borealis is 75%-owned by OMV AG with the remaining 25% held by Abu Dhabi National Oil Co.
LyondellBasell Industries N.V. and Mepol Group announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland.
Univar Solutions Inc and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion.