(CercleFinance.com) – Shell announced on Monday that it intended to reduce the size of its executive committee, which will be reduced from nine to seven members in order to simplify the organization of the group and improve its strategic performance.
Under the new structure, which will come into effect on July 1, the integrated gas and upstream businesses will be combined to form a new entity which will be led by the current head of the upstream business, Zoe Yujnovich.
The downstream division will be brought closer to the renewable energy and energy solutions businesses, now under the leadership of Huibert Vigeveno, the current head of downstream activities.
At the same time, the strategy, sustainable development and corporate relations department (SSCR) will be abolished, which means that its manager, Ed Daniels, will have to leave the group in July.
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