Agustin Izquierdo on leadership transition
From Meet the new LYB CFO: Agustin Izquierdo · · LyondellBasell
“I had the time to overlap with Michael almost two and a half months and I'm very grateful for that opportunity. There's a lot of strategy of course you know working capital cash LYB is going through a great transformation right since Peter arrived the new strategy pushing into CLCS the expansions that we've announced on the Middle East flex 2 that was announced a couple of weeks ago and there are just so many things and topics that finance is a key enabler.”
On , Agustin Izquierdo, Executive VP & CFO at LyondellBasell, spoke about leadership transition during Meet the new LYB CFO: Agustin Izquierdo on LyondellBasell.
About Agustin Izquierdo
Agustin Izquierdo became executive vice president and chief financial officer of LyondellBasell on March 1, 2025, succeeding Michael McMurray, who retired. Izquierdo said he was grateful for a two-and-a-half-month overlap with McMurray, which he described as helpful for learning about the company's strategy. He stated that LyondellBasell is "going through a great transformation" under CEO Peter Vanacker, including expansions in the Middle East and a push into circularity and sustainability. Izquierdo said his priorities include building a "best-in-class finance organization" that can be compared favorably across chemicals and other industrial sectors. He emphasized developing talent within finance and the broader organization, as well as using digital tools to accelerate analysis and strategy. He noted that LyondellBasell has a strong balance sheet and investment-grade credit rating, and he said he aims to help the company achieve its "aggressive and ambitious" goals.