tiprankstipranks
Shell announces changes to executive committee
The Fly

Shell announces changes to executive committee

Shell announced it is to reduce the size of its executive committee from nine to seven members in a move designed to simplify the organization further and improve performance. Under the changes, which are expected to take effect on July 1, Shell’s integrated gas and upstream businesses will be combined to form a new integrated gas and upstream directorate led by current upstream director, Zoe Yujnovich. The downstream business will be combined with renewables & energy solutions to form a new downstream and renewables directorate led by current downstream director, Huibert Vigeveno. Separately, the strategy, sustainability and corporate relations directorate will be discontinued and its director, Ed Daniels, will step down from the executive committee effective July 1 and leave group service thereafter. Strategy will be brought together with new business development and, alongside sustainability, will report direct to Sinead Gorman, CFO, enabling more streamlined planning and better capital allocation decisions. Corporate relations will report direct to Wael Sawan, CEO.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on SHEL:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles