LyondellBasell Announces Planned Departure of Sergey Vasnetsov

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Apr 27, 2016, 08:30 ET

HOUSTON and LONDON, April 27, 2016 /PRNewswire/ -- LyondellBasell (NYSE: LYB), one of the world's largest plastics, chemical and refining companies, today announced the planned departure of Sergey Vasnetsov, senior vice president of Strategic Planning and Transactions. Mr. Vasnetsov will leave the company at the end of May for personal and family reasons.

"I want to thank Sergey for his many significant contributions to our company's success," said Bob Patel, LyondellBasell's CEO and chairman of the management board. "Through his knowledge of our industry, his thought leadership and his boundless energy, Sergey has played a key role in guiding the company to its leading industry position. I wish him all the very best as he enters a well-deserved next chapter."

Mr. Vasnetsov joined LyondellBasell in 2010 as senior vice president of Strategic Planning and Transactions with responsibility for financial and strategic planning, capital investments, and the Investor Relations function.

"It has been a privilege to work with Bob and the many talented individuals leading LyondellBasell into the future," said Mr. Vasnetsov. "Given the company's highly-focused executive team, great people and top-notch plants, I am confident that LyondellBasell will be very successful sustaining its position as the premier global petrochemical leader."

About LyondellBasell

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.lyb.com) manufactures products at 57 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.

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