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...

Number of Employees

20K

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.

SEC Filing

From April 8, 2024

Michael McMurray

CEO of LyondellBasell Industries N.V.

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Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1965 - 60 years ago

Is Founder?

No

Current Tenure

5 years 2 months (Nov 2019 - Present)

Previous Experience

Senior Vice President and Chief Financial Officer at Owens Corning