- Shell Plc SHEL searches for a new CEO as Chief Executive Ben van Beurden prepares to step down next year after nearly a decade at two companies Sources told Reuters.
- The board shortlisted four candidates.
- During his tenure, van Beurden oversaw Shell’s most significant acquisition in decades, steering the company through two major downturns and a pivotal move to cut greenhouse gas emissions.
- Related: Exxon and Shell attempt to spin off California oil and gas joint venture: report.
- The sources said Shell’s board successor committee had met several times to develop plans for Van Beurden’s departure and to interview potential successors.
- The shortlist was narrowed down to Wael Sawan, Shell’s head of integrated gas and renewable energy, and Huibert Vigeveno, who heads the company’s downstream refineries.
- Newly appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, Head of Upstream, are also possible successors, according to Reuters sources.
- Beurden joined Shell in 1983 and became CEO in January 2014.
- Price promotion: SHEL shares are up 2.04% to $53.47 during the premarket session last Check Friday.
- Photo via Wikimedia Commons
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