| CEO Name | Peter Vanacker |
| Nationality | Finland |
| Net Worth Estimation | $15 million |
Peter Vanacker's estimated net worth of around $15 million is derived from his executive compensation packages, stock awards, and bonuses received during his roles as CEO at LyondellBasell and previously at A. Schulman, Inc. This figure also reflects his accrued wealth from long-term leadership positions within the global chemicals and plastics industry.
Peter Vanacker's estimated net worth of $15,000,000 places him at approximately 1.6% of the upper maximum CEO net worth in the plastics industry category. His net worth is significantly above the minimum but well below the $900,000,000 maximum for CEOs in this sector.
Business Category: Plastics
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 900000000 USD
Peter Vanacker Performance in A. Schulman, Inc. (now part of LyondellBasell Industries N.V.)
Peter Vanacker, CEO of A. Schulman, Inc. before its acquisition by LyondellBasell Industries N.V., demonstrated decisive leadership by streamlining operations and enhancing product innovation, driving significant margin improvements. His strategic decision-making focused on expanding specialty plastic compounds, optimizing global supply chains, and preparing the company for successful integration. Vanacker's performance was marked by increased profitability and operational efficiency, positioning A. Schulman as a stronger entity for LyondellBasell's acquisition and long-term growth.
Latest News
LyondellBasell Completes Acquisition of A. Schulman, Inc.
LyondellBasell acquired A. Schulman in 2018 for $2.25 billion, integrating it as a wholly-owned subsidiary and significantly expanding its advanced polymer solutions business. Joe Gingo, then CEO of A. Schulman, announced retirement concurrent with the merger, with LyondellBasell's CEO Bob Patel highlighting the strategic fit and future growth potential.
Source: http://www.lyondellbasell.com/en/who-we-are/updates-events/corporate--financial-news/lyondellbasell-completes-acquisition-of-a.-schulman-inc