Petrochemical Heritage Award
James L. Gallogly
2015 Winner: James L. Gallogly
James L. Gallogly, retired chief executive officer of LyondellBasell, one of the world’s largest plastics, chemicals, and refining companies, received the 19th annual Petrochemical Heritage Award on March 30, 2015, at the Grand Hyatt in San Antonio, Texas.
The award was presented at the 2015 International Petrochemical Conference hosted by the American Fuel and Petrochemical Manufacturers (AFPM).
About James L. Gallogly
James L. Gallogly is an industry leader and an important contributor to the heritage of the petrochemical community. He is a devoted advocate of safety and efficiency, with his most remarkable accomplishment his lead role in transforming LyondellBasell from a company facing imminent collapse into an industry leader, making it possible to save the livelihood of thousands of LyondellBasell employees. After taking the helm of LyondellBasell in 2009, he recruited a strong management team that helped him transform the culture of the struggling firm, improve reliability, and introduce an efficient cost structure. As a result, revenue increased nearly 100%, and company debt fell from over $20 billion to pre-bankruptcy $7 billion. The market responded as share prices increased 500%.
Before joining LyondellBasell, Gallogly had spent 29 years with Phillips/ChevronPhillips/ ConocoPhillips, where he worked in both the petroleum and chemical businesses of the firm, and where he acquired increasing responsibilities and enjoyed considerable success. At the time he left ConocoPhillips he had risen to the position of executive vice president for exploration and production. Prior to that he was executive vice president for refining, marketing, and transportation, and from 2000 to 2006 he served as the founding CEO of Chevron-Phillips Chemical Company (CP-Chem) – a Phillips-Chevron joint venture. It was here that he first demonstrated his ability to lead and build a petrochemical company, as he launched that enterprise onto a trajectory of success that continues today.
Gallogly recently served as vice chairman of the board of the American Chemistry Council. He is also a member of the board of DuPont, the University of Oklahoma College of Engineering Board of Visitors, the University of Colorado Engineering Advisory Council, and the University Cancer Foundation Board of Visitors at the University of Texas M. D. Anderson Cancer Center.
Gallogly received a BA degree from the University of Colorado at Colorado Springs in 1974 and a law degree from the University of Oklahoma in 1977. He completed the Advanced Executive Program at the J. L. Kellogg Graduate School of Management at Northwestern University in 1998.
About the Petrochemical Heritage Award
CHF and the Founders Club established the Petrochemical Heritage Award in 1997 to recognize individuals who made outstanding contributions to the petrochemical community; to inspire achievement; and to promote public understanding of the modern sciences, industries, and economies.
Past recipients of the award include Marvin Schlanger, chairman of the supervisory board of LyondellBasell Industries; Raj Gupta, former chairman and CEO of Rohm and Haas; Hiromasa Yonekura, chairman of the Sumitomo Chemical Company; Mohamed Al-Mady, vice chairman and CEO of the Saudi Basic Industries Corporation (SABIC); Peter R. Huntsman, president and CEO of the Huntsman Company; Dave C. Swalm, founder of Texas Petrochemicals Company; Dan L. Duncan, chairman, Enterprise Products Partners; J. Virgil Waggoner, former president and CEO of Sterling Chemicals; Ting Tsung (“T. T.”) Chao, founder of the Westlake Chemical Corporation; William A. McMinn, Jr., former president of Cain Chemical; Harold A. Sorgenti, former president and chief executive officer of ARCO Chemical Company; Herbert D. “Ted” Doan, former chairman and CEO of The Dow Chemical Company; Jon M. Huntsman, founder of Huntsman Corporation; Gordon Cain, well-known chemical engineer and business entrepreneur; John T. Files, founder and chairman of the Merichem Company; John R. Hall, chemical engineer and former president, chairman, and CEO of Ashland; and Ralph Landau, cofounder of Halcon/Scientific Design Group.
About the Founders Club
The Founders Club was founded in 1981 by a group of petrochemical-industry executives who participated in the establishment of the Petrochemical Committee of the NPRA and ultimately generated the International Petrochemicals Conference (IPC) as a separate identity within NPRA. The Founders Club today is a select group of individuals with a minimum of 25 years of distinguished service in the petrochemical industry. The club proudly advances the legacy inherited from these original “Founders” as contributing stewards of the petrochemical industry with a respect for the past (legacy), activities for the present (networking), and support for the future (recognition).
About American Fuel and Petrochemical Manufacturers
AFPM is a trade association representing high-tech American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, as well as the petrochemicals used as building blocks for thousands of vital products in daily life.
About the Chemical Heritage Foundation
The Chemical Heritage Foundation (CHF) is a collections-based nonprofit organization that preserves the history and heritage of chemistry, chemical engineering, and related sciences and technologies. The collections are used to create a body of original scholarship that illuminates chemistry’s role in shaping society. In bridging science with the humanities, arts, and social sciences, CHF is committed to building a vibrant, international community of scholars; creating a rich source of traditional and emerging media; expanding the reach of our museum; and engaging the broader society through inventive public events