LyondellBasell Industries CEO Bob Patel's 2020 pay slips 2% to $16M
LyondellBasell Industries reports 2020 executive compensation
By ExecPay News
Published: April 12, 2021
LyondellBasell Industries reported fiscal year 2020 executive compensation information on April 12, 2021.
In 2020, six executives at LyondellBasell Industries received on average a compensation package of $5.3M, which is about the same as previous year.
Average pay of disclosed executives at LyondellBasell Industries
Bob V. Patel, Chief Executive Officer, received $16M in total, which decreased by 2% compared to 2019. 57% of Patel's compensation, or $8.9M, was in stock awards. Patel also received $18K of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $3M in option awards, $1.6M in salary, as well as $442K in other compensation.
For fiscal year 2020, the median employee pay was $92,064 at LyondellBasell Industries. Therefore, the ratio of Bob V. Patel's pay to the median employee pay was 169 to one.
Michael McMurray, Chief Financial Officer, received a compensation package of $3.9M, which decreased by 19% compared to previous year. 47% of the compensation package, or $1.9M, was in stock awards.
Torkel Rhenman, Executive Vice President Global Intermediates & Derivatives and Refining, earned $3.5M in 2020, a 27% increase compared to previous year.
Ken Lane, Executive Vice President Global Olefins & Polyolefins, received $3.3M in 2020, which decreases by 19% compared to 2019.
Dan Coombs, Former Executive Vice President Global Manufacturing, Projects, and Refining, earned $2.9M in 2020, which is about the same as previous year.
Jeff Kaplan, Chief Legal Officer, received $2.8M in 2020, which increases by 5% compared to 2019.
Related executives
Bob Patel
LyondellBasell Industries
Chief Executive Officer
Michael McMurray
LyondellBasell Industries
Chief Financial Officer
Torkel Rhenman
LyondellBasell Industries
Executive Vice President Global Intermediates & Derivatives and Refining
Ken Lane
LyondellBasell Industries
Executive Vice President Global Olefins & Polyolefins
Jeff Kaplan
LyondellBasell Industries
Chief Legal Officer
Dan Coombs
LyondellBasell Industries
Former Executive Vice President Global Manufacturing, Projects, and Refining
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Source: SEC filing on April 12, 2021.