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Chemical Week Magazine :: Business & Finance :: United States/Americas
LyondellBasell signs new contract with CEO, names senior executives
7:43 AM MDT | September 20, 2013 | â€”Lindsay Frost
LyondellBasell Industries says that it has entered into a new contract with CEO James Gallogly, effective 14 May 2014. The company has also announced the promotion of two senior executives to executive v.p. positions. Galloglyâ€™s previous contract started May 2009, when he joined LyondellBasell during bankruptcy proceedings. That contract tied most realizable compensation to equity awards. Under the new agreement, the majority of Galloglyâ€™s potential compensation will be tied to company performance and the creation of shareholder value, the company says...
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