On September 30th 2014, the 2014 Kavaler Award was presented to James L. (Jim) Gallogly, CEO of LyondellBasell. The award took place in the Metropolitan Club in New York City, and was attended by over 200 people from various chemical and chemical engineering industry representatives.
Mr. Gallogly was named one of the ICIS 2013 Top 40 Power Players – the 40 CEOs and senior executives making the greatest impact on the global chemical industry. That illustrious group elected Mr. Gallogly from their own ranks for the ICIS Kavaler Award.
Few companies have capitalized on the U.S. shale gas boom better than LyondellBasell. Under Mr. Gallogly’s leadership, LyondellBasell has significantly boosted value by returning profits to shareholders though dividends and stock buybacks – all while making investments in key expansion projects that will raise cost advantaged capacity without massive capital outlays. Mr. Gallogly, as CEO, has established a solid financial footing for LyondellBasell that is set to be maintained for many years to come.
LyondellBasell (NYSE: LYB) is one of the world’s largest plastics, chemical and refining companies and a member of the S&P 500. LyondellBasell manufactures products at 55 sites in 18 countries. Its products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.
Mr. Gallogly serves as vice chairman of the board of the American Chemistry Council. He is also a member of the University of Oklahoma College of Engineering Board of Visitors, the University of Colorado Engineering Advisory Council and the University Cancer Foundation Board of Visitors at the University of Texas M.D. Anderson Cancer Center. Additionally, he serves on the board of directors and executive committee at Junior Achievement of Southeast Texas.