LyondellBasell has appointed Michael McMurray executive vice president and chief financial officer (CFO), effective 5 November. He replaces Thomas Aebischer, who will retire at the end of 2019.
McMurray joins LyondellBasell following a nearly 11-year career at Owens Corning, where he served as vice president/investor relations and treasurer; vice president/finance for the building materials group; and, for the past seven years, CFO. He previously spent 21 years with Royal Dutch Shell.
“Because he has worked both upstream and downstream of LyondellBasell, he has a unique perspective on market dynamics and how we can continue to create and deliver value,” says Bob Patel, CEO of LyondellBasell.
By Clay Boswell
Source: Chemical Week
BASF has signed an agreement to sell its extruded polystyrene (XPS) Styrodur business to Karl Bachl Kunststoffverarbeitung, a fellow German company, as part of its strategy to focus on expandable polystyrene (EPS).
The approximately 50 employees involved in production, marketing, and sales will remain with BASF.
Barentz, a player in the speciality ingredients sector, has appointed Derk Jan Terhorst as group chief executive officer, effective immediately. Terhorst succeeds Terry Hill, who served as Interim CEO since May 2024. With over three years of experience at Barentz as Group CFO, Terhorst brings a robust background in financial management and strategic oversight.
Former Dow president and CEO Paul Oreffice died on Dec. 26 at his home in Paradise Valley, Arizona. He was 97. During Oreffice’s tenure at Dow, he is often credited with transforming the company from an American-focused industrial power into a global leader in chemicals and plastics.
