Westlake Corporation (0LVK.L)

149.08 -1.11 (-0.74%) As of 05:08PM BST. Market open.

Westlake Corporation

2801 Post Oak Boulevard
Suite 600
Houston, TX 77056
United States
713 960 9111
https://www.westlake.com

Sector(s): 
Industry: 
Full-time employees: 15,520

Key executives

Name	Title	Pay	Exercised	Year born
Mr. James Y. Chao	Executive Chairman of the Board	3.35M	20.78M	1948
Mr. Albert Yuan Chao	President, CEO & Director	5.12M	2.75M	1950
Mr. Mark Steven Bender CPA	Executive VP & CFO	2.2M	1.12M	1957
Mr. L. Benjamin Ederington	Executive VP of Performance & Essential Materials, General Counsel and Chief Administrative Officer	1.99M	994.41k	1971
Mr. Robert F. Buesinger	Executive Vice President of Housing, Infrastructure Products, IT & Digital	1.85M	783.76k	1957
Mr. Johnathan Stevan Zoeller	VP & Chief Accounting Officer	N/A	N/A	1976
Lawrence Schubert	Vice President of Corporate Development & Sustainability	N/A	N/A	N/A
Mr. Thomas J. Janssens	Senior Vice President of Operations, PEM & Corporate Logistics	N/A	N/A	1967
Mr. Jeff Holy	VP & Treasurer	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials segment offers ethylene, polyethylene, styrene, chlorinated derivative products, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride (PVC), epoxy specialty resins, and base epoxy resins and intermediaries, as well as chlor-alkali, such as chlorine and caustic soda. The Housing and Infrastructure Products segment provides residential PVC sidings; PVC trim and mouldings; architectural stone veneers; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. It offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. Westlake Corporation was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation operates as a subsidiary of TTWF LP.

Corporate governance

Westlake Corporation’s ISS governance QualityScore as of 1 April 2024 is 5. The pillar scores are Audit: 3; Board: 8; Shareholder rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.