Directorate change
SHELL PLC
BOARD AND COMMITTEE
CHANGESFebruary 1, 2023
DIRECTOR CHANGESShell plc (the
“Company”) announces the following Board and
Committee changes:
Euleen Goh, Deputy Chair and Senior Independent
Director has informed the Board that she does not wish to stand for
re-election as Director of the Company at the Annual General
Meeting (AGM), currently scheduled for May 23, 2023, having served
as a Director for nine years.
Dick Boer, a Non-executive Director, has been
appointed Deputy Chair and Senior Independent Director, and as a
member of the Remuneration Committee with effect from the
conclusion of the 2023 AGM.
Catherine Hughes, a Non-executive Director, has
been appointed as a member of the Audit Committee with effect from
the conclusion of the 2023 AGM and will step down as a member of
the Remuneration Committee on the same date.
Jane Holl Lute, a Non-executive Director, has
been appointed as a member of the Remuneration Committee with
effect from the conclusion of the 2023 AGM.
Martina Hund-Mejean, a Non-Executive Director
has decided not to stand for re-election as Director of the Company
at the 2023 AGM.
Mr. Boer, Ms. Hughes, and Ms. Holl Lute’s
appointments are subject to their respective re-appointment by
shareholders at the 2023 AGM.
NEW NON-EXECUTIVE DIRECTORSSir
Charles Roxburgh has been appointed as a Non-Executive Director of
the Company, effective from March 13, 2023 and will become a member
of the Audit Committee as of the same date.
Leena Srivastava has been appointed as a
Non-Executive Director of the Company, effective March 13, 2023,
and will become a member of the Safety, Environment and
Sustainability Committee as of the same date.
Sir Andrew Mackenzie, Chair of Shell plc said:
“I’d like to thank Euleen for her nine years of distinguished
service to Shell. During that time she brought a unique perspective
on finance and management issues as Shell underwent significant
change, not least with the acquisition of BG Group PLC in 2016, on
which she provided expert counsel to the then CEO and Chairman. She
has provided invaluable advice to me as Chair and I wish her all
the best for her future endeavours.
“I’d also like to thank Martina for her
contribution to Shell since joining the Board in 2020. Her
expertise in technology leadership has been invaluable as Shell
navigates its way through the energy transition, and I’ve valued
her sound advice on many issues.
“I’m delighted to welcome Sir Charles and Leena
to the Board. Sir Charles brings a wealth of experience in
economics, financial management and government, and I know he will
make a great contribution to the Shell board.
“Leena is a leading global authority on climate
science, based in India — an important market and operational
centre for Shell. Her decades of experience on energy, environment
and climate change policy, as well as her expertise in sustainable
development, will further strengthen Shell’s energy transition
efforts as we continue to deliver the energy the world needs today,
while working to decarbonise our own activities and those of our
customers.”
Pursuant to Listing Rule 9.6.13 (1) there is no
information to disclose for Sir Charles. However, Ms Srivastava was
previously a Non-Executive Director of Shree Cement Limited until
August 2019 and Bharti Infratel Limited until November 2020. There
is no information to disclose pursuant to Listing Rule 9.6.13 (2)
to Listing Rule 9.6.13 (6) inclusive for either Sir Charles or Ms.
Srivastava.
Following the conclusion of the 2023 AGM, the
membership of each of the Board Committees will be as follows:
Committee |
Membership |
AUDIT COMMITTEE |
Ann Godbehere (Chair) Dick BoerCatherine HughesCyrus
TaraporevalaSir Charles Roxburgh |
SAFETY, ENVIRONMENT AND SUSTAINABILITY COMMITTEE |
Catherine Hughes (Chair)Neil Carson Jane Holl Lute Bram
SchotLeena Srivastava |
NOMINATION AND SUCCESSION COMMITTEE |
Sir Andrew Mackenzie (Chair)Dick BoerAnn Godbehere |
REMUNERATION COMMITTEE |
Neil Carson (Chair)Bram Schot Jane Holl LuteDick
Boer |
Anthony ClarkeDeputy Company Secretary
ENQUIRIES
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Cautionary NoteThe companies in
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disclosure we may refer to Shell’s “Net Carbon Footprint” or “Net
Carbon Intensity”, which include Shell’s carbon emissions from the
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in supplying energy for that production and our customers’ carbon
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operating plan, outlook and budgets are forecasted for a ten-year
period and are updated every year. They reflect the current
economic environment and what we can reasonably expect to see over
the next ten years. Accordingly, they reflect our Scope 1, Scope 2
and Net Carbon Footprint (NCF) targets over the next ten years.
However, Shell’s operating plans cannot reflect our 2050 net-zero
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is consistent with the accounting policies applied in Shell plc’s
consolidated financial statements.
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website www.sec.gov.
LEI Number: 21380068P1DRHMJ8KU70
Classification: Additional Regulated Information required to be
disclosed under the laws of the United Kingdom
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