Shell Plc SHEL is looking for a new CEO, as Chief Executive Ben van Beurden is preparing to step down next year after nearly a decade, two company sources told Reuters.
The board has shortlisted four candidates.
During his tenure, van Beurden oversaw Shell’s most significant acquisition in decades and steered the company through two major downturns and a pivotal move to slash greenhouse emissions.
The sources said that Shell’s board succession committee had met several times to draw up plans for van Beurden’s departure and interview potential successors.
The shortlist has been narrowed down to Wael Sawan, Shell’s head of integrated gas & renewables, and Huibert Vigeveno, who heads the company’s downstream refining operations.
According to Reuters sources, newly appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also possible successors.
Beurden joined Shell in 1983 and became CEO in January 2014.
Price Action: SHEL shares are up 2.04% at $53.47 during the premarket session on the last check Friday.
