(19/09/22) Shell has appointed Wael Sawan as Chief
Executive Officer after the current CEO, Ben van Beurden,
announced that he will step down at the end of 2022.
appointment is effective 1 January 2023, when he will also join
Shell’s Board of Directors. Ben van Beurden will continue working
as adviser to the Board until 30 June 2023, after which he will
leave the group.
“It’s been a privilege to work
alongside Ben and I’m honoured to take over the leadership of this
great company from him,” said Wael Sawan. “I’m looking forward to channelling the
pioneering spirit and passion of our incredible people to rise to
the immense challenges, and grasp the opportunities presented by
the energy transition. We will be disciplined and value focused,
as we work with our customers and partners to deliver the
reliable, affordable and cleaner energy the world needs.”
Wael is currently the Director Integrated Gas,
Renewables and Energy Solutions, and was previously the Director
Upstream. He is based in The Hague and has been a member of
Shell’s Executive Committee (EC) for three years.
Prior to joining EC, he was the Executive Vice
President Deepwater and a member of the Upstream Leadership Team,
and Executive Vice President Qatar and a member of the Integrated
Gas Leadership Team.
He has worked in Europe, Africa, Asia and the
Americas during his 25-year Shell career, and has also held roles
in Downstream Retail, and in various commercial and New Business
Wael was born in Beirut, Lebanon, and is a dual
Lebanese-Canadian national. He grew up in Dubai and holds a
Master’s degree in Chemical Engineering from McGill University in
Montreal and an MBA from Harvard Business School.
Sir Andrew Mackenzie, Shell’s Chair, said, “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. He combines these qualities with a passion for people, which enables him to get the best from those
around him. The outcome of the Board’s managed succession process
resulted both in the appointment of an outstanding CEO and proved
the strength and depth of Shell’s leadership talent. I look
forward to working with Wael as we accelerate the delivery of our
Ben has been Shell CEO since 1 January 2014.
Previously he was Downstream Director from January to September
2013 and Executive Vice President Chemicals from 2006 to 2012.
Prior to that, he held a number of operational and
commercial roles in both Upstream and Downstream, including Vice
President Manufacturing Excellence.
He joined Shell in 1983, after graduating with a
Master’s degree in Chemical Engineering from Delft University of
Ben joined the Supervisory Board of Mercedes-Benz
Group AG in April 2021.
“Ben can look back
with great pride on an extraordinary 39-year Shell career,
culminating in nine years as an exceptional CEO. During the last
decade, he has been in the vanguard for the transition of Shell to
a net-zero emissions energy business by 2050 and has become a
leading industry voice on some of the most important issues
affecting society,” said Sir Andrew. “He leaves a financially strong and
profitable company with a robust balance sheet, very strong cash
generation capability and a compelling set of options for growth.
These were all enabled by bold moves he has led, including the
2016 acquisition of BG and the transformational $30 billion
divestment of non-core assets that followed. He took firm,
decisive action to marshal the company through the global
pandemic, seizing the opportunity for a major reset to ensure we
emerged fitter, stronger and equipped to succeed in the energy
transition. Powering Progress, Shell’s detailed strategy to
accelerate our profitable transition to a net-zero emissions
energy business by 2050, was unveiled in February 2021 and was quickly followed by moves to simplify both our organisational and
share structures. Ben’s legacy will frame Shell’s success for
decades to come.”
Shell has officially stated that pursuant to Listing Rule 9.6.13(1) to (6) inclusive, there is
no information to disclose regarding Wael Sawan.
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