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Susan K. Carter Appointed to Lyondell Board of Directors

Published on 2006-12-12. Author : SpecialChem

HOUSTON, -- Lyondell Chemical Company (NYSE: LYO) announced that Susan K. Carter has been appointed to the Company's board of directors, effective Jan. 1, 2007.

Carter is executive vice president and chief financial officer of Lennox International, a position she has held since 2004. With $3.4 billion in sales, Lennox is a leading provider of climate control solutions for heating, air conditioning and refrigeration markets around the world. Carter came to Lennox International from Cummins Inc., a global power leader and manufacturer of engines, electric power generation systems, and engine-related products, where she had served as vice president, Finance, beginning in 2002.

Prior to her career at Cummins, Carter had been vice president and CFO, Transportation & Power Systems, for Honeywell, Inc., formerly AlliedSignal, Inc. She had also previously served in senior financial management positions at AlliedSignal, Crane Co. and DeKalb Corporation. Carter is a certified public accountant with a B.S. in accounting from Indiana University and a M.B.A. from Northern Illinois University.

"We are pleased to welcome Susan Carter to Lyondell's board of directors," said Dr. William T. Butler, chairman of the board of Lyondell. "She brings a wealth of experience that will be highly valued by our board."

ABOUT LYONDELL

Lyondell Chemical Company, headquartered in Houston, Texas, is North America's third-largest independent, publicly traded chemical company. Lyondell is a major global manufacturer of basic chemicals and derivatives including ethylene, propylene, titanium dioxide, styrene, polyethylene, propylene oxide and acetyls. It also is a refiner of heavy, high-sulfur crude oil and a significant producer of gasoline-blending components. Lyondell is a global company operating on five continents and employs approximately 11,000 people worldwide.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Lyondell Chemical Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

Source: Lyondell Chemical


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