Sundar PichaiSundar Pichai earned $164M in 2023
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Michael McMurray

CEO of LyondellBasell Industries N.V.

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1965 - 60 years ago

Economy Sector

Basic Materials

Current Tenure

5 years 3 months (Nov 2019 - Present)

Previous Experience

Senior Vice President and Chief Financial Officer at Owens Corning

Michael McMurray is the Chief Executive Officer of LyondellBasell Industries N.V., a leading global chemical company. He joined the company in November 2019 after previously serving as the Chief Financial Officer at Owens Corning. McMurray has a solid background in...

Year

2023

Total Compensation

$2.08M

Salary

$850.00K

Board Justification

The compensation philosophy aligns executive pay with company performance and shareholder interests, emphasizing performance-based incentives.

Bonus

$1.13M

Board Justification

The annual bonus for 2023 was calculated based on company performance metrics, resulting in a payout of 133% of the target bonus.

Other

$102.02K

Board Justification

Other compensation includes matching contributions to 401(k) and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the focus was on performance-based stock units (PSUs) with a performance period ending December 31, 2025.

Performance Metrics

The performance metrics for 2023 included business results, value creation, safety performance, and sustainability.