Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In December 2021, the Company announced that Mr. Peter Vanacker had been
appointed Chief Executive Officer and director of LyondellBasell Industries N.V.
(the "Company"), effective upon the completion of the notice period under his
existing employment agreement.
On February 24, 2022, the Board of Directors appointed Mr. Vanacker as a
director effective February 25, 2022, to fill the vacancy created upon the
retirement of the Company's former Chief Executive Officer and director. Mr.
Vanacker will serve until the Company's 2022 Annual General Meeting of
Shareholders and be nominated for election by shareholders at that time. Mr.
Vanacker continues to complete his notice period and will join the Company as
CEO no later than June 2022.
There are no other arrangements or understandings between Mr. Vanacker and any
other persons pursuant to which he was appointed a director. There are also no
family relationships between Mr. Vanacker and any director or executive officer
of the Company and he has no direct or indirect material interest in any
transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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