LYONDELLBASELL
Neste boss Peter Vanacker to replace Bob Patel as CEO
The next CEO at LYB: Peter Vanacker (Photo: LyondellBasell)
The board of directors at US polyolefin giant LyondellBasell (LYB, Houston, Texas; www.lyondellbasell.com) has selected Peter Vanacker, president and CEO of Finnish refiner Neste, to be the company’s new chief executive officer. Neste recently announced Vanacker’s departure after three years of service, saying he would step down by the middle of next year (see Plasteurope.com of 13.12.2021).

In a press release, LYB said, “Vanacker will assume his role no later than June 2022, upon satisfaction of the notice period under his current employment agreement, at which time he will also join the company’s board of directors.”

Related: CEO Patel to leave LYB / Exit possibly linked to deadly accident

Vanacker succeeds Bhavesh V. “Bob” Patel, who is set to leave on 31 December 2021 and become the new CEO of US polymer technology firm W.R. Grace (see Plasteurope.com of 03.09.2021). Kenneth Lane, LYB’s executive vice-president for global olefins and polyolefins, is to serve as interim CEO upon Patel’s departure.

Before his stint at Neste, Vanacker was with Bayer MaterialScience, which later became Covestro, as executive vice-president and head of the Global Polyurethanes business. Prior to that, he held chief executive positions at former film manufacturer Treofan and Clariant’s fine chemicals spin-off, CABB.
13.12.2021 Plasteurope.com [249215-0]
Published on 13.12.2021
LyondellBasell: Vanacker ersetzt Bob Patel an der KonzernspitzeGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 27.11.2024 19:48:03   (Ref: 944047990)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp