Shell CEO Ben van Beurden to be replaced by Wael Sawan next year

Shell CEO Ben van Beurden to be replaced by Wael Sawan next year

Wael Sawan will turn into Shell’s subsequent chief executive on Jan. 1.

Ina Fassbender | Afp | Getty Photographs

Oil big Shell on Thursday announced that CEO Ben van Beurden will step down at the finish of the yr just after almost a 10 years at the helm.

Wael Sawan will grow to be its future chief executive on Jan. 1.

The news follows speculation that Shell experienced been actively seeking for a successor to change van Beurden as chief govt.

Reuters noted at the start out of September, citing two unnamed sources, that Shell’s board succession committee had met a number of situations in new months to attract up ideas for van Beurden’s departure and job interview probable successors.

It has now been confirmed that Sawan, now Shell’s director of built-in gas, renewables and strength solutions, will get more than.

“It has been a privilege and an honour to have served Shell for practically 4 many years and to lead the company for the earlier nine a long time,” van Beurden explained in a statement.

“I am quite proud of what we have realized alongside one another. I have fantastic self-assurance in Wael as my successor. He is a smart, principled and dynamic leader, who I know will carry on to provide Shell with conviction and commitment,” he additional.

This is breaking information. Please verify back for updates.

Leave a Reply