Shell announced it will reduce the size of its Executive Committee (EC) from nine to seven members in a decisive move designed to simplify the organization.
Shell will combine Integrated Gas and Upstream businesses to form a new Integrated Gas and Upstream Directorate led by current Upstream Director, Zoe Yujnovich.
Shell will also combine the Downstream business with Renewables & Energy Solutions to form a new Downstream and Renewables Directorate led by current Downstream Director, Huibert Vigeveno.
Shell will discontinue the Strategy, Sustainability and Corporate Relations (SSCR) Directorate. Its Director, Ed Daniels, will step down from the EC effective 1 July 2023.
Strategy will be brought together with New Business Development and, alongside Sustainability, will report direct to Sinead Gorman, Chief Financial Officer, enabling more streamlined planning and better capital allocation decisions.
Corporate Relations will report direct to Wael Sawan, Chief Executive Officer.
The changes announced do not affect Shell’s financial reporting segments, which remain Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate.