Houston, Texas -- LyondellBasell Industries has named James (Jim) Gallogly its new chief executive officer, succeeding Volker Trautz who has announced his retirement from the company.
The company pointed out that the terms of the appointment are subject to the approval of the US bankruptcy court overseeing LyondellBasell's reorganisation plan.
"Jim is a highly respected executive in the polymers, chemicals and fuels industries and experienced in successfully navigating the cyclical challenges of these businesses," said Len Blavatnik, chairman of LyondellBasell's board. "His impressive record in the industry, combined with years of international experience, makes him the right person to head LyondellBasell and to fully realise the company's potential," Blavatnik said.
Gallogly comes to LyondellBasell from ConocoPhillips where he served as executive vice president of exploration & production, and before that as executive vice president of refining, marketing and transportation. From 2000 to 2006, he was president and chief executive officer of Chevron Phillips Chemical Company, one of the world's top producers of olefins and polyolefins.
Gallogly serves on the board of directors of the American Petroleum Institute. He previously served on the boards of the American Chemistry Council, the American Plastics Council and the National Petrochemical and Refiners Association.
LyondellBasell is a leading producer of propylene oxide, used to make polyols for the polyurethanes sector.