Shell selects renewable energy boss Sawan as new CEO

Shell on Thursday appointed Wael Sawan, its head of integrated gas and renewables, as chief executive officer to replace Ben van Beurden, who will step down at the end of this year.

Awan’s appointment takes effect on January 1, Shell said, while van Beurden will continue to serve as an adviser to the board until June 30.

Reuters reported this month that Shell has shortlisted four candidates, including Sawan, to succeed van Beurden, who is stepping down after nearly a decade at the helm.

During his tenure, van Beurden oversaw Shell’s largest acquisition in decades, steering the company through two major recessions and a decisive move to cut greenhouse gas emissions – a task that will only increase in importance for his successor.

Sawan, a Canadian who previously ran Shell’s oil and gas exploration business and now oversees Shell’s growth into low-carbon energy as well as its huge gas business, was seen as a top candidate to succeed van Beurden, a source said.

“We will be disciplined and value-based as we work with our customers and partners to deliver the reliable, affordable and clean energy the world needs,” Sawan said in a statement. Shell selects renewable energy boss Sawan as new CEO

Fry Electronics Team

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