2nd Sep 2022 08:49
(Alliance News) - Shell PLC Chief Executive Ben van Beurden is set to leave his role next year after almost 10 years leading the oil major, according to Reuters on Friday.
According to two company sources, plans for Beurden's replacement are underway, with a succession committee, led by Chair Andrew Mackenzie, having met "several times in recent months", Reuters reported.
Among the potential candidates are Wael Sawan, Shell's head of integrated gas & renewables, and Huibert Vigeveno, the head of its downstream refining operations.
Chief Financial Officer Sinead Gorman, who was promoted to the role in the spring, and Zoe Yujnovich, head of upstream are also in the running, the sources said.
Sawan is considered to be the front-runner, but the decision has yet to be finalised, according to one source.
https://www.reuters.com/business/energy/exclusive-shells-ceo-van-beurden-prepares-step-down-next-year-sources-2022-09-02
Beurden joined Shell back in 1983, and has served as CEO since January 2014. He oversaw the USD53 billion acquisition of BG Group in 2016, which transformed Shell into a leading gas producer.
Shares in Shell were up 1.6% at 2,310.00 pence in London early Friday.
By Elizabeth Winter; [email protected]
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