LyondellBasell, one of the world’s largest plastics, chemicals and refining companies, has appointed Michael McMurray as executive vice president and CFO, effective Nov. 5.
McMurray replaces Thomas Aebischer who, earlier this year, elected to retire at the end of 2019.
“Having worked in a wide variety of roles over his career, Michael has deep knowledge of financial markets and brings a diverse, global perspective to the finance function,” Bob Patel, CEO of LyondellBasell, said. “Because he has worked both upstream and downstream of LyondellBasell, he has a unique perspective on market dynamics and how we can continue to create and deliver value.”
McMurray joins LyondellBasell following a nearly 11-year career at Owens Corning where he served as vice president of investor relations and treasurer; vice president of finance for the Building Materials Group; and, for the past seven years, as CFO. Prior to Owens Corning, McMurray spent 21 years in various positions of increasing responsibility with Royal Dutch Shell Plc including as vice president, Shell Capital; global treasurer for Shell Chemicals; and Americas Finance manager for the Lubricants business.
McMurray sits on the board of directors for Flowserve, a global pumps and valves manufacturer. McMurray earned a bachelor's degree in Business Administration from Trinity University in San Antonio, Texas and an MBA from Tulane University in New Orleans, Louisiana.
Recommended Reading
Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024
2024-07-18 - Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
2024-07-11 - Here is a selection of upstream and midstream dividends declared in the week of July 8.
Exxon’s Craig Morford Retires as VP of General Counsel, Secretary
2024-06-12 - Exxon’s board of directors has elected Jeff Taylor, who joined Exxon in May, to undertake Morford’s role.
Swift Solar, with Backing from Italy’s Eni, Raises Tech Financing
2024-06-12 - Swift Solar, with backing from Italy’s Eni and others, has raised a total of $44 million for work transforming the solar energy landscape with perovskite tandem solar projects.
CorEnergy Restructures, Emerges from Chapter 11
2024-06-13 - CorEnergy Infrastructure Trust has restructured in hopes to return to positive free cash flow beginning 2025, while pursuing energy transition opportunities.