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Albert Chao Biography and Net Worth

CEO of Westlake

Mr. Chao has been our President since May 1996 and a director since June 2003. Mr. Chao became our Chief Executive Officer in July 2004. Mr. Chao has over 40 years of global experience in the chemical industry. In 1985, Mr. Chao assisted his father T.T. Chao and his brother James Chao in founding Westlake Chemical Corporation, where he served as Executive Vice President until he succeeded James Chao as President. In addition, Mr. Chao has been the President, Chief Executive Officer and a director of Westlake Partners' general partner since its formation in March 2014. He has held positions in the Controller's Group of Mobil Oil Corporation, in the Technical Department of Hercules Incorporated, in the Plastics Group of Gulf Oil Corporation and has served as Assistant to the Chairman of China General Plastics Group and Deputy Managing Director of a plastics fabrication business in Singapore. He is the brother of James Y. Chao and Dorothy C. Jenkins, father of John T. Chao and uncle of David T. Chao. Mr. Chao is a trustee emeritus of Rice University. Mr. Chao received a bachelor's degree from Brandeis University and an M.B.A. from Columbia University.

What is Albert Chao's net worth?: The estimated net worth of Albert Chao is at least $60.51 million as of May 19th, 2022. Mr. Chao owns 472,983 shares of Westlake stock worth more than $60,506,350 as of November 21st. This net worth estimate does not reflect any other assets that Mr. Chao may own. Learn More about Albert Chao's net worth.
How do I contact Albert Chao?: The corporate mailing address for Mr. Chao and other Westlake executives is 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056. Westlake can also be reached via phone at (713) 960-9111 and via email at [email protected]. Learn More on Albert Chao's contact information.
Has Albert Chao been buying or selling shares of Westlake?: Albert Chao has not been actively trading shares of Westlake within the last three months. Most recently, Albert Chao sold 37,876 shares of the business's stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $130.38, for a transaction totalling $4,938,272.88. Following the completion of the sale, the chief executive officer now directly owns 472,983 shares of the company's stock, valued at $61,667,523.54. Learn More on Albert Chao's trading history.
Who are Westlake's active insiders?: Westlake's insider roster includes Mark Bender (CFO), Robert Buesinger (EVP), Albert Chao (CEO), David Chao (Director), L. Ederington (CAO), Roger Kearns (COO), Andrew Kenner (SVP), Lawrence Teel (CEO), and Johnathan Zoeller (CAO). Learn More on Westlake's active insiders.
Are insiders buying or selling shares of Westlake?: In the last twelve months, insiders at the specialty chemicals company sold shares 5 times. They sold a total of 18,608 shares worth more than $2,676,565.36. The most recent insider tranaction occured on May, 3rd when CFO Mark Steven Bender sold 4,950 shares worth more than $753,340.50. Insiders at Westlake own 74.1% of the company. Learn More about insider trades at Westlake.
Information on this page was last updated on 5/3/2024.

Albert Chao Insider Trading History at Westlake

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
5/19/2022	Sell	37,876	$130.38	$4,938,272.88	472,983
12/1/2021	Sell	30,787	$91.75	$2,824,707.25
8/11/2021	Buy	3,000	$86.21	$258,630.00	441,939
11/6/2020	Sell	55,148	$72.99	$4,025,252.52	482,804
2/21/2020	Sell	51,592	$62.42	$3,220,372.64	421,448
11/15/2018	Sell	24,509	$71.20	$1,745,040.80	337,013
11/13/2018	Sell	40,000	$73.47	$2,938,800.00	321,374
11/29/2017	Sell	16,844	$95.25	$1,604,391.00	299,018
11/27/2017	Sell	25,000	$93.96	$2,349,000.00	299,018
11/24/2017	Sell	45,000	$94.76	$4,264,200.00	299,018
11/21/2017	Sell	25,000	$94.34	$2,358,500.00	299,018
11/17/2016	Sell	20,000	$54.15	$1,083,000.00	264,702
11/15/2016	Sell	20,000	$52.95	$1,059,000.00	264,702
11/23/2012	Sell	20,000	$76.16	$1,523,200.00

Albert Chao Buying and Selling Activity at Westlake

Westlake Company Overview

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.

Today's Range

Now: $127.93

$126.12

$128.06

50 Day Range

MA: $138.64

$126.66

$150.29

2 Week Range

Now: $127.93

$118.64

$162.64

Volume

335,209 shs

Average Volume

572,847 shs

Market Capitalization

$16.47 billion

P/E Ratio

180.18

Dividend Yield

1.65%

Beta

1.19

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