Shell CEO Ben van Beurden to step down at the end of the year, Wael Sawan appointed successor

Oil elephantine Shell connected Thursday announced that CEO Ben van Beurden volition measurement down astatine the extremity of the twelvemonth aft astir a decennary astatine the helm.

Wael Sawan volition go its adjacent main enforcement connected Jan. 1.

The quality follows speculation that Shell had been actively looking for a successor to regenerate van Beurden arsenic main executive.

Reuters reported astatine the commencement of September, citing 2 unnamed sources, that Shell's committee succession committee had met respective times successful caller months to gully up plans for van Beurden's departure and interrogation imaginable successors.

It has present been confirmed that Sawan, presently Shell's manager of integrated gas, renewables and vigor solutions, volition instrumentality over.

"It has been a privilege and an honour to person served Shell for astir 4 decades and to pb the institution for the past 9 years," van Beurden said successful a statement.

"I americium precise arrogant of what we person achieved together. I person large assurance successful Wael arsenic my successor. He is simply a smart, principled and dynamic leader, who I cognize volition proceed to service Shell with condemnation and dedication," helium added.

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