1st Mar 2022 09:55
Shell PLC - London-based oil major - Promotes Sinead Gorman to chief financial officer, starting April 1. Gorman replaces Jessica Uhl, who will step down on March 31 but remain with Shell until June 30. Uhl has worked at Shell for 17 years, the last five as CFO. Gorman currently is executive vice president for Finance at Shell's Upstream division, having joined Shell in 1999. She will be based in London.
Shell on Monday had said it will exit its joint ventures with Russian energy giant PJSC Gazprom and also its involvement with the Nord Stream 2 pipeline project, following Russia's invasion of Ukraine. Shell will exit its 28% interest in the Sakhalin-II liquefied natural gas facility, its 50% stake in Salym Petroleum Development NV and its 50% interest the Gydan energy venture.
Current stock price: 1,950.20 pence, down 1.1% on Tuesday
12-month change: up 33%
By Tom Waite; thomaslwaite@alliancenews.com
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