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Wednesday 25 July 2018

LyondellBasell appoints new chairman of the board




LyondellBasell (LYB) said that Robert G Gwin, chairman of its board of directors, will resign on 30 November 2018.
Jacques Aigrain, currently vice chairman, will succeed Gwin as chairman, effective 24 September 2018.
Aigrain, a director since 2011, is a senior advisor at Warburg Pincus and a director of the London Stock Exchange and WPP Plc. He has extensive executive and board experience, including as chief executive officer of Swiss Re Ltd. During his tenure as a LyondellBasell director, Aigrain served on multiple committees and is the current chairman of the compensation committee.
Gwin has served on LyondellBasell's board of directors since 2011 and has been chairman since August 2013.
"It has been a privilege to lead the LyondellBasell board and, after five years as chairman, I believe it's the right time to transition to new leadership. I'm very pleased with the company's direction and outlook, and I look forward to working with Jacques over the next few months to ensure a smooth and successful transition,” said Gwin.

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