Shell CEO to step down as oil giant looks to climate goals

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Shell CEO to step down as oil giant looks to climate goals
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Shell CEO Van Beurden, is stepping down at the end of the year after nine years in charge and will be replaced by Wael Sawan, the company announced.

FILE - CEO of Royal Dutch Shell Ben van Beurden speaks at a meeting with Russian President Vladimir Putin in Moscow, Russia, Wednesday, June 21, 2017. Van Beurden, is stepping down at the end of the year after nine years in charge and will be replaced by Wael Sawan, the company announced Thursday, Sept. 15, 2022.

He takes over at a tumultuous time for Shell and other oil and gas giants. While the world is looking to transition to renewable sources like wind and solar, the war in Ukraine has created volatility that has driven up energy prices and fueled inflation.

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Shell picks renewables boss as CEO to lead green transitionShell picks renewables boss as CEO to lead green transitionShell has turned to the head of its gas and renewables business to drive its transition to a greener future, picking Wael Sawan to replace Ben van Beurden as chief executive.
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Shell Plc Wael Sawan to be next CEOShell Plc Wael Sawan to be next CEOThe energy group said that Wael Sawan will replace Ben van Beurden, who will continue working as adviser to the board until June 30
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Shell’s next boss looks a shoo-inShell’s next boss looks a shoo-inThe $192 bln energy group’s veteran CEO Ben van Beurden is likely to depart next year. Shell’s heads of oil drilling, refining, and finance all merit consideration. But gas and renewables boss Wael Sawan, who holds the key to Shell’s future revenue growth, is the logical choice.
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