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LyondellBasell announced that its Board of Directors has appointed Neste President and Chief Executive Officer Peter Vanacker as its new Chief Executive Officer
.
Vanacker will succeed Bhavesh V.
"Bob" Patel, who will step down from the company on December 31, 2021, as previously announced
.
Vanacker will join the company's board of directors by June 2022, subject to the notice period under his current employment agreement
.
The board also announced that Kenneth (Ken) Lane will serve as interim CEO following Patel's departure
.