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
Wanted: More US Natural Gas
2022-06-30 - Will the U.S. have enough natural gas come winter? Executive Editor-at-large Nissa Darbonne explores in her monthly column featured in Oil and Gas Investor.
W&T Offshore Names Jonathan Curth as General Counsel
2022-06-20 - Jonathan Curth has extensive legal experience working with public E&P companies, most recently at Vine Energy, which was acquired by Chesapeake Energy in 2021.
Ranger Energy Services Appoints Melissa Cougle as New Chief Financial Officer
2022-06-08 - Melissa Cougle, former CFO of Frank's International and National Energy Services Reunited, will replace Brandon Blossman as CFO of Ranger Energy Services.
Hess Shares Strategy Behind Diverse Asset Portfolio
2022-06-09 - Hess CEO John Hess, who said the U.S.-based oil producer is “not interested in M&A right now,” shares the key to sustainable production growth from the Bakken shale play to the Guyana-Suriname hotspot.
Facing Record Inflation, Biden Takes Aims at Exxon Mobil, Other Oil Companies
2022-06-10 - “Exxon made more money than God this year,” Biden said in a speech to dockworkers and union representatives at the Port of Los Angeles. U.S. oil companies are not using profits to drill more but to buy back stock, he added.