IHS Chemical Week

LyondellBasell signs new contract with CEO Gallogly

12:53 PM MDT | September 13, 2013

LyondellBasell announced today that it has entered into a new contract with CEO James Gallogly, effective 14 May 2014. LyondellBasell also announced the promotion of two senior executives to executive v.p. Gallogly’s current contract began May 2009 when he joined the company during its bankruptcy proceedings tied most of his realizable compensation to equity awards and is set to expire next May. The majority of Gallogly’s compensation under the new contract will be tied to company performance and the creation of shareholder value, LyondellBasell says. “The...

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