OMAHA, Neb., July 26, 2017 /PRNewswire/ -- Union Pacific
Corporation announced that Bhavesh "Bob" V. Patel has been elected
to the company's board of directors, effective today.
Patel, 50, is chief executive officer and chairman of the
management board of LyondellBasell Industries, one of the largest
plastics, chemicals and refining companies in the world. With 55
manufacturing sites in 17 countries, LyondellBasell generated more
than $29 billion in revenue in
2016.
"Bob's dedication to safety as well as his proven track record
of driving increased efficiency and operational excellence will
make him a valuable contributor to the company in many aspects,"
said Union Pacific chairman, president and CEO Lance Fritz. "With nearly 40 percent of our
freight volume originating or terminating outside the U.S., Bob's
significant international business experience will benefit Union
Pacific. We are excited to welcome him to the board."
Patel joined LyondellBasell in March
2010 and prior to being named CEO held a variety of senior
leadership roles including senior vice president, Olefins and
Polyolefins – Americas; senior vice
president, Olefins and Polyolefins – Europe, Asia
and International, based in the
Netherlands; and executive vice president, Olefins and
Polyolefins – Europe,
Asia and International. Patel was
named CEO and chairman of the company's management board in
January 2015.
Prior to joining LyondellBasell, Patel held multiple leadership
positions at Chevron Phillips Chemical Company. He worked for
Chevron Corporation and its affiliates for more than 20 years.
Patel is a member of the board of directors of the Greater
Houston Partnership, a member of the Business Roundtable, and
serves as vice chairman of the board and chairman of the executive
committee of the American Chemistry Council. He is a member of the
external advisory council of The Ohio State
University's College of Engineering and a member of the
dean's advisory council for the Fox School of Business at
Temple University. Patel earned a BS in
chemical engineering from The Ohio State
University and an MBA from Temple
University.
About Union Pacific
Union Pacific Railroad is the
principal operating company of Union Pacific Corporation (NYSE:
UNP). One of America's most recognized companies, Union Pacific
Railroad connects 23 states in the western two-thirds of the
country by rail, providing a critical link in the global supply
chain. In the last 10 years, 2007-2016, Union Pacific invested
approximately $34 billion in its
network and operations to support America's transportation
infrastructure. The railroad's diversified business mix includes
Agricultural Products, Automotive, Chemicals, Coal, Industrial
Products and Intermodal. Union Pacific serves many of the
fastest-growing U.S. population centers, operates from all major
West Coast and Gulf Coast ports to eastern gateways, connects with
Canada's rail systems and is the
only railroad serving all six major Mexico gateways. Union Pacific provides value
to its roughly 10,000 customers by delivering products in a safe,
reliable, fuel-efficient and environmentally responsible
manner.
www.up.com
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SOURCE Union Pacific