Nov 22 (Reuters) - Petrochemicals manufacturer

LyondellBasell said on Friday its Chief Financial

Officer Michael McMurray will retire and be succeeded by insider

Agustin Izquierdo, effective March 1.

Izquierdo, a former executive at Germany's BASF,

had joined Lyondell in November 2022. He is currently the

company's senior vice president at the Olefins & Polyolefins

Americas & Refining unit.

The change in leadership would come when the company is set

to permanently shut its 106-year-old Houston oil refinery in the

first quarter of 2025 and exit the refining business.

The Houston-based company said Izquierdo will continue to

serve in his current role until March 1.

McMurray would be stepping down after more than five years

as CFO.