11th Mar 2021 09:19
(Alliance News) - Royal Dutch Shell PLC on Thursday said Andrew Mackenzie will be its next board chair, succeeding Chad Holliday at the annual general meeting on May 18.
Mackenzie joined the Shell board back in October, having been chief executive officer of miner BHP Group PLC from 2013 until 2019. Prior to BHP, Mckenzie was head of Industrial Minerals & Diamonds at BHP peer Rio Tinto PLC and also spent 22 years at Shell peer BP PLC. Shell said Mackenzie was born in 1956 and is a British national.
Holliday has been chair for six years and had joined the board in 2010.
Shell, which is based in The Hague, Netherlands, said Mackenzie "brings to Shell his experience of leadership, his global outlook, and a deep understanding of the energy business and climate action."
Shell last month set out plans to reach net zero carbon emissions by 2050, while at the same time shrinking debt and maintaining a "progressive dividend policy". It said the climate target is linked to the remuneration of over 16,500 staff members.
The company also on Thursday said Nigel Sheinwald will step down as a non-executive director at the AGM, having served for nine years. He will be replaced by Jane Lute, a former deputy secretary of the US Department of Homeland Security.
Shell 'A' shares were up 0.3% at 1,570.00 pence early Thursday in London, while its 'B' shares were up 0.4% at 1,500.40p each.
By Tom Waite; [email protected]
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