Mr. Patel joined LyondellBasell in March 2010 and as executive vice president successfully led the restructuring of the company’s O&P – Americas, O&P – Europe, Asia and International (EAI), and Technology segments, focusing on achieving best-in-class operational and commercial excellence. In this role, Mr. Patel led early stage development of the company’s plan to capture the U.S. shale advantage. This plan, which began with debottlenecks and capacity expansions, has progressed to major organic growth projects and continues to guide the company’s strategy today.
Prior to becoming CEO in January 2015, Mr. Patel was responsible for all of LyondellBasell’s manufacturing facilities in EAI and commercial operations for the O&P – EAI and Technology segments. In 2011, he led the effort to establish a new business model for the O&P – EAI segment which structurally repositioned the business, increasing overall competitiveness, efficiency and earnings.
As CEO, Mr. Patel has focused on leading the next phase of the company’s long-term growth strategy. Under his leadership, the company has made several strategic acquisitions in growing markets, including the 2018 acquisition of A. Schulman, Inc., which made LyondellBasell the world’s largest manufacturer of compounded materials. In addition, the company is building new production facilities around the world, including a new world-scale high density polyethylene (HDPE) plant which began operations in 2020, and the world’s largest propylene oxide and tertiary butyl alcohol (PO/TBA) plant, which is slated for startup in the second half of 2022. The company has also recently expanded its market presence in Asia by forging new partnerships in China and extending existing joint ventures in Korea and Thailand.
Under Mr. Patel’s leadership, LyondellBasell was named to Fortune Magazine’s “World’s Most Admired Companies” list for three consecutive years beginning in 2018, and to Newsweek Magazine’s list of “Most Responsible Companies” for 2021.
Previously, Mr. Patel held positions of increasing responsibility at Chevron Corporation and Chevron Phillips Chemical Company for more than 20 years. Over the course of his career, he has held leadership positions based in the Netherlands, Singapore and the United States.
Mr. Patel serves on the boards of the Houston Branch of the Federal Reserve Bank of Dallas, the Greater Houston Partnership, the Board of Visitors at the University of Texas MD Anderson Cancer Center, and is a member of the Business Council. He is also on the external advisory council of the College of Engineering at The Ohio State University and the Board of Visitors of the Fox School of Business at Temple University.
Additionally, Mr. Patel serves on the board of directors of Union Pacific Corporation. He earned a Bachelor of Science in chemical engineering from The Ohio State University and he also holds a Master of Business Administration from Temple University.