LyondellBasell Appoints New CEO
LyondellBasell's Supervisory Board has appointed Bhavesh V. "Bob" Patel chief executive officer, effective January 12, 2015. Patel succeeds James L. Gallogly, who previously announced his plan to retire.
Patel has served as executive vice president, Olefins and Polyolefins (O&P) – Europe, Asia & International and Technology since October 2013. After serving in several positions of increasing responsibility at Chevron Corporation and Chevron Phillips Chemical Company, Patel joined LyondellBasell in March 2010 as senior vice president, O&P – Americas, where he successfully restructured the business to take advantage of the shale gas expansion in the U.S. In November 2010, he was named senior vice president, O&P – EAI and Technology. In that role, he again successfully restructured the business and improved profitability.
In recognition of his contributions, Patel was promoted to executive vice president in October 2013 and given additional responsibility for the company's manufacturing operations outside of the Americas. In April of 2014, Patel was appointed by shareholders to the company's Management Board and will serve as the Chairman of the Management Board when he assumes the role of CEO in January. The company's Management Board is responsible for overall management of the company and the implementation of corporate strategy.
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