Shell PLC's (LSE:SHEL, NYSE:SHEL) new chief executive Wael Sawan has announced a streamlining of its executive committee, which going forward will comprise seven members as opposed to nine currently.
Under the changes, Shell’s integrated gas and upstream businesses will be combined to form a new integrated gas and upstream directorate led by the current upstream director, Zoe Yujnovich.
Shell’s downstream business will be combined with renewables & energy solutions to form a new directorate led by the current downstream director, Huibert Vigeveno.
The oil major also said its strategy, sustainability and corporate relations (SSCR) directorate is being axed, with its director Ed Daniels to leave.
Strategy, sustainability and new business development will now be the direct responsibility of Sinead Gorman, chief financial officer, while Sawan will take over the overseeing of corporate relations.
In a statement, Sawan said: “I’m making these changes as part of Shell’s natural, and continuous, evolution. I believe that fewer interfaces mean greater cooperation, discipline and speed, enabling us to focus on strengthening performance across the businesses and generating strong returns for our investors.”
All of the changes kick in from 1 July 2023.