15th Sep 2022 08:35
(Alliance News) - Shell PLC on Thursday announced that Chief Executive Officer Ben van Beurden will step down in his role at the end of the year after nine years at the helm of the company.
He will be replaced by Wael Sawan, currently director of the company's Integrated Gas, Renewables & Energy Solutions unit. Sawan has worked at Shell for 25 years.
Van Beurden will stay at Shell in an advisory role until June 30, 2023 and then leave the oil major altogether. Reuters first reported earlier this month that van Beurden, who became Shell CEO in 2014, was set to depart next year.
As CEO, Sawan vows to "grasp the opportunities presented by the energy transition."
Shell shares were 0.4% higher at 2,350.00 pence each on Thursday morning in London.
By Tom Budszus; [email protected]
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