US-based polymer company LyondellBasell selects Bhavesh Patel as CEO

LyondellBasell, one of the world's largest plastics, chemical and refining companies, has appointed Bhavesh V ‘Bob’ Patel as the chief executive officer, effective January 12, 2015. Patel succeeds James Gallogly, who previously announced his plan to retire.
 
"After a rigorous selection process, we chose Bob Patel based on his proven leadership, his outstanding track record, and his numerous contributions to the success of LyondellBasell," said Supervisory Board chairman Robert Gwin.
 
Patel has served as executive vice president, Olefins and Polyolefins (O&P) - Europe, Asia & International and Technology since October 2013. After serving in several positions of increasing responsibility at Chevron Corporation and Chevron Phillips Chemical Company, Patel joined LyondellBasell in March 2010 as senior vice president, O&P - Americas, where he successfully restructured the business to take advantage of the shale gas expansion in the U.S.  In November 2010, he was named senior vice president, O&P – EAI and Technology.  In that role, he again successfully restructured the business and improved profitability.
 
In recognition of his contributions, Patel was promoted to executive vice president in October 2013 and given additional responsibility for LyondellBasell’s manufacturing operations outside of the Americas. As executive vice president, Patel has been responsible for the company's outperformance of its peers in Europe and Asia by streamlining operations, shifting to advantaged feedstocks and operating plants more reliably. 
 
In April of 2014, Patel was appointed by shareholders to LyondellBasell’s Management Board and will serve as the Chairman of the Management Board when he assumes the role of CEO in January. The company's Management Board is responsible for overall management of the Company and the implementation of corporate strategy. 
 
Patel said, “Moving forward, we will build upon the strong foundation Jim has established. I truly believe our greatest achievements are yet to come and I look forward to the next exciting chapter in LyondellBasell's future.”