LyondellBasell Adds Farley and Goren to Supervisory Board

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Feb 24, 2014, 09:00 ET

HOUSTON and LONDON, Feb. 24, 2014 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced that Claire S. Farley and Isabella (Bella) D. Goren have been appointed to the company's supervisory board of directors, effective February 20, 2014.

"We welcome Claire and Bella to the supervisory board and look forward to working with them to build shareholder value. Their executive management and corporate governance experience will add significant value to LyondellBasell," said Robert G. Gwin, non-executive chairman of the LyondellBasell supervisory board.

Farley is a member of the general partner of Kohlberg Kravis Roberts & Co. L.P. Prior to joining KKR, she was co-founder and co-CEO of RPM Energy LLC. Farley previously was an advisory director of Jefferies Randall & Dewey, also serving as co-president. She was CEO of Randall & Dewey before it combined with Jefferies & Company. Prior to that, she was with Texaco, Inc. where her roles included CEO of HydroTexaco, president of the North American production division and president of worldwide exploration and new ventures. She has also served as CEO of two start-up ventures: Intelligent Diagnostics Corporation, and Trade-Ranger Inc.

Farley serves on the board of directors of EnCana Corporation, FMC Technologies and Samson Resources.

Goren previously served as senior vice president and chief financial officer of AMR Corporation and American Airlines Inc. Goren was a member of AMR Corporation's executive committee and responsible for all of the company's financial functions, including corporate finance, corporate development, supply chain, financial planning, and relationships with the investment community. During her career with AMR and American Airlines, she held leadership positions in a number of functional areas, including operations and marketing.

Goren serves on the board of directors of Gap Inc. and is also on the executive board of the Southern Methodist University Lyle School of Engineering.

LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and refining companies and a member of the S&P 500. LyondellBasell (www.lyondellbasell.com) manufactures products at more than 55 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.

SOURCE LyondellBasell Industries