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Dallas Fed appoints Bhavesh (Bob) V. Patel to Houston Branch board

For Immediate Release: January 8, 2021

DALLAS—The Federal Reserve Bank of Dallas has appointed Bob Patel to its Houston Branch board of directors for a term ending Dec. 31, 2023.

Patel is CEO of Houston-based LyondellBasell, one of the largest plastics, chemicals and refining companies with over 19,500 employees globally. He joined LyondellBasell in 2010 and became CEO in 2015.  

For more than 20 years, Patel held positions of increasing responsibility at Chevron Corporation and Chevron Phillips Chemical Company. He has held senior executive roles in The Netherlands, Singapore and the United States.

Patel serves on the boards of Union Pacific Corporation and Greater Houston Partnership, and on the University of Texas MD Anderson Cancer Center Board of Visitors. He also serves on The Ohio State University College of Engineering External Advisory Council and Temple University Fox School of Business Board of Visitors.

He earned a bachelor of science degree in chemical engineering from The Ohio State University and a master of business administration degree from Temple University.

The Houston Branch board consists of seven members, four appointed by the Dallas Fed and three by the Federal Reserve Board of Governors.

For more information on the Dallas Fed, visit


Media contact:
James Hoard
Federal Reserve Bank of Dallas
Phone: (214) 922-5307