Detailed Background on Appointees

Bob Patel

• Previously President of Standard Industries (April 2023 – June 2024).
• Former CEO of W.R. Grace & Co. (January 2022 – April 2023).
• CEO of LyondellBasell Industries NV (January 2015 – January 2022), with earlier roles including Senior VP and EVP of Olefins & Polyolefins in Europe, Asia, International, and Technology.
• Started his career at Chevron Corporation and Chevron Phillips Chemical Company, holding senior roles for about 20 years in both Singapore and the U.S.
• Current Board Memberships:
  • Air Products Chemicals, Inc. (since January 2025)
  • Federal Reserve Bank of Dallas’ Houston Branch (since January 2021)
• Past Board Memberships:
  • Halliburton Company (January 2021 – May 2025)
  • Union Pacific Corporation (February 2017 – May 2021)
• Educational Background:
  • Bachelor of Science in Chemical Engineering, The Ohio State University
  • M.B.A., Temple University

Jean-Marc Gilson

• President and Chief Executive Officer of Westlake Corporation.
• His appointment to the Board is intended to further enhance communication and strategic alignment between management and directors.

Implications for Shareholders

• Strategic Alignment: The inclusion of the CEO, Jean-Marc Gilson, on the Board could facilitate more direct communication between management and the Board, potentially accelerating strategic decision-making and execution.
• Industry Expertise: Bob Patel’s appointment is significant due to his deep experience in the chemicals and building materials sector, which could help Westlake navigate industry challenges and pursue new opportunities.
• Potential Share Price Impact: These high-profile appointments signal a commitment to strengthening leadership and governance. Investors may view this positively, as it suggests Westlake is preparing for growth, innovation, and operational excellence. Improved strategic alignment and industry insight could impact future earnings and share value.

Company Overview

Westlake Corporation is a global manufacturer and supplier of materials and innovative products, impacting sectors such as housing, construction, packaging, healthcare, automotive, and consumer goods. The company is headquartered in Houston, with operations spanning Asia, Europe, and North America.

Contact Information

• Media Relations: L. Ben Ederington – 713.960.9111
• Investor Relations: Steve Bender – 713.960.9111

Conclusion

The appointment of Bob Patel and Jean-Marc Gilson to Westlake’s Board represents a noteworthy governance enhancement, with potential to positively influence the company’s strategic direction and shareholder value. Investors should monitor future announcements and performance, as these leadership changes could be catalysts for operational improvements and growth initiatives.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a professional advisor before making any investment decisions. The information provided is accurate as of the date of publication, but may be subject to change.

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