Energy major Shell is splitting up its renewables and low-carbon divisions to boost the returns.
Shell CEO Wael Sawan, who took office at the start of the year, has signaled in recent weeks that Shell is considering ditching oil reduction output targets as part of its energy transition plans.
Shell is eliminating the global role of Thomas Brostrom, who joined the company as vice president for renewable generation in 2021 from Danish renewables giant Orsted.
Regional heads of Shell Energy will manage wind and solar power businesses, reporting to Executive Vice President Steve Hill.
Shell named Anna Mascolo as executive vice president for low carbon products and sectors, including biofuels, carbon capture and nature-based solutions.
Steve Hill and Anna Mascolo report to Huibert Vigeveno, who heads the downstream and renewables division.
Shell earlier announced plans to combine the oil and gas production and liquefied natural gas (LNG) divisions and place the renewables business in the downstream division.
Shell spokesperson said combining downstream and renewables in a single directorate strengthens the businesses by bringing together all the elements of low- and zero-carbon energy.
Thomas Brostrom will remain at the company as senior vice president for Shell Energy in Europe and Asia, overseeing all offshore wind globally.
Earlier, Shell revealed that Harry Brekelmans will step down from his role as Projects & Technology Director, a position he has held for almost nine years, effective 30 June 2023. Robin Mooldijk, currently Executive Vice President (EVP) Chemicals & Products, will be appointed Projects & Technology Director, effective 1 July 2023.