24th Feb 2016 16:13
LONDON (Alliance News) - Royal Dutch Shell PLC on Wednesday revealed organisational changes in North America and said Marvin Odum, its unconventional resources director and US country chair, will depart after a 34-year career with the oil giant.
In a move designed to simplify Shell?s structure, the Athabasca oil sands project and the Scotford Upgrader in Canada will join the global Downstream organisation under Downstream Director John Abbott.
The shale resources business will join the global upstream organisation under Upstream Director Andy Brown.
Those changes mean the unconventional resources position that Odum is vacating will no longer exist. Odum joined Shell as an engineer in 1982 and has held several roles at the company.
"Marvin has had a long and distinguished Shell career, and I?m grateful to him for the central role he's played in the company?s success. He leaves our important businesses in the Americas well positioned for the next phase of their development," Shell Chief Executive Ben van Beurden said.
Marvin will be replaced as US country chair and president of Shell Oil Co by Bruce Culpepper, currently executive vice president HR, Unconventional Resources and Regional Coordination. In his new role, which is effective April 1, Culpepper, a US citizen who has worked for Shell for 34 years, will continue the company's advocacy in the US on a "wide range" of energy policy issues.
Shell 'A' shares were down 1.7% at 1,548.50 pence on Wednesday afternoon. 'B' shares were down 2.1% at 1,539.50p.
By Samuel Agini; [email protected]; @samuelagini
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