Shell plc has announced the discontinuation of its Strategy, Sustainability and Corporate Relations (SSCR) Directorate in far reaching organization changes as Wael Sawan, the company’s new CEO, moves to stamp his authority.
Ed Daniels, Director of the SSCR, will step down from the Executive Committee effective July 1, 2023, and leave Group service thereafter. “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”, Shell declares in a statement. ”Corporate Relations will report direct to Wael Sawan, Chief Executive Officer”.
The reorganization effectively reduces the size of the Executive Committee (EC) from nine to seven members “in a decisive move designed to simplify the organisation further and improve performance as we deliver our Powering Progress strategy”, the statement adds..
Under the changes, which are expected to take effect on July 1, 2023, Shell’s Integrated Gas and Upstream businesses will be combined to form a new Integrated Gas and Upstream Directorate led by current Upstream Director, Zoe Yujnovich. The Downstream business will be combined with Renewables & Energy Solutions to form a new Downstream and Renewables Directorate led by current Downstream Director, Huibert Vigeveno.
“I’m making these changes as part of Shell’s natural, and continuous, evolution”, says Wael Sawan, “Our core purpose is to provide energy to our customers, safely and profitably, while helping them, and us, to decarbonise. I believe that fewer interfaces mean greater co-operation, discipline and speed, enabling us to focus on strengthening performance across the businesses and generating strong returns for our investors”.
