Shell Names Wael Sawan as Next CEO -- Update
September 15 2022 - 3:03AM
Dow Jones News
By Kyle Morris
Shell PLC said Thursday that it has appointed Wael Sawan as its
next chief executive, replacing longtime CEO Ben van Beurden.
The energy group said that Mr. Sawan will assume the role on
Jan. 1, when Mr. van Beurden steps down. Mr. van Beurden will
continue working as adviser to the board until June 30, after which
he will leave the company.
Mr. Sawan, 48 years old, joined Shell in 1997 and has taken on
expanded responsibilities alongside leading the natural-gas
business that is behind Shell's record profits recently.
"Wael Sawan is an exceptional leader, with all the qualities
needed to drive Shell safely and profitably through its next phase
of transition and growth. His track record of commercial,
operational and transformational success reflects not only his
broad, deep experience and understanding of Shell and the energy
sector, but also his strategic clarity," Shell Chairman Andrew
Mackenzie said.
Mr. van Beurden in recent years pledged to reduce the company's
greenhouse-gas emissions and increase its investments in renewable
energy. He was already a 30-year veteran when he was promoted in
2013 from his role running its refining and marketing operations to
take over as CEO, effective since January 2014.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
September 15, 2022 02:48 ET (06:48 GMT)
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