LyondellBasell Industries CEO Bob Patel's 2019 pay slips 12% to $16M
LyondellBasell Industries reports 2019 executive compensation
By ExecPay News
Published: April 15, 2020
LyondellBasell Industries reported fiscal year 2019 executive compensation information on April 15, 2020.
In 2019, seven executives at LyondellBasell Industries received on average a compensation package of $5.3M, a 19% decrease compared to previous year.
Average pay of disclosed executives at LyondellBasell Industries
Bob V. Patel, Chief Executive Officer, received $16M in total, which decreased by 12% compared to 2018. 58% of Patel's compensation, or $9.2M, was in stock awards. Patel also received $20K of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $3.1M in option awards, $1.6M in salary, as well as $435K in other compensation.
For fiscal year 2019, the median employee pay was $86,466 at LyondellBasell Industries. Therefore, the ratio of Bob V. Patel's pay to the median employee pay was 184 to one.
Michael McMurray, Chief Financial Officer, received a compensation package of $4.8M. 47% of the compensation package, or $2.3M, was in stock awards.
Ken Lane, Executive Vice President Global Olefins & Polyolefins, earned $4.1M in 2019.
Thomas Aebischer, Chief Financial Officer, received $4M in 2019, which decreases by 12% compared to 2018.
Dan Coombs, Executive Vice President Global Manufacturing, Projects, and Refining, earned $2.9M in 2019, a 27% decrease compared to previous year.
Torkel Rhenman, Executive Vice President Intermediates and Derivatives, received $2.8M in 2019.
Jeff Kaplan, Chief Legal Officer, earned $2.7M in 2019, a 22% decrease compared to previous year.
Related executives
Bob Patel
LyondellBasell Industries
Chief Executive Officer
Michael McMurray
LyondellBasell Industries
Chief Financial Officer
Thomas Aebischer
LyondellBasell Industries
Chief Financial Officer
Dan Coombs
LyondellBasell Industries
Former Executive Vice President Global Manufacturing, Projects, and Refining
Ken Lane
LyondellBasell Industries
Executive Vice President Global Olefins & Polyolefins
Torkel Rhenman
LyondellBasell Industries
Executive Vice President Global Intermediates & Derivatives and Refining
Jeff Kaplan
LyondellBasell Industries
Chief Legal Officer
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Source: SEC filing on April 15, 2020.