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AI brief of an SEC Form 8-K · LyondellBasell (LYB)

LyondellBasell names Matthew Hayes chief accounting officer, effective March 24, 2025

Neutral Impact 2 of 5 leadership Written later

LyondellBasell said its chief accounting officer and principal accounting officer, Emeka Oyolu, will resign effective March 24, 2025, to pursue another opportunity. The company appointed Matthew D. Hayes, its current vice president of financial planning and analysis, as successor on the same date. The change is an orderly leadership transition in the finance function and the filing discloses no change to financial results.

Key points

  • Chukwuemeka (Emeka) A. Oyolu's resignation takes effect March 24, 2025; he notified the company on March 11, 2025.
  • Matthew D. Hayes, age 50, becomes Senior Vice President and Chief Accounting Officer effective March 24, 2025.
  • Hayes' base salary is $400,000, with a long-term incentive target of 70% of base salary and a short-term incentive target of 60% of base salary.
  • Hayes has worked at the company since 2004, including as chief internal auditor, and previously worked at Halliburton from 2001 to 2004.

The filing

CompanyLyondellBasell (LYB)
Form8-K, current report
Filed with the SECMar 17, 2025, 4:01 PM ET
Accession number0001104659-25-024409

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 17, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.