HOUSTON – The Supervisory Board of LyondellBasell Industries has named James L. (Jim) Gallogly Chief Executive Officer, effective immediately. Gallogly will succeed Volker Trautz who has announced his retirement from the company. The terms of the appointment are subject to the approval of the U.S. bankruptcy court overseeing LyondellBasell's reorganization 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 Supervisory Board. "His impressive record in the industry, combined with years of international experience, makes him the right person to head LyondellBasell and to fully realize 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 Co., one of the world's top producers of olefins and polyolefins. Gallogly began his career with Phillips Petroleum Co. in 1980, serving in a variety of legal, finance and operational roles including two assignments in Stavanger, Norway. He also served as Vice President of Plastics and later Senior Vice President of Chemicals.

 

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.