Shell CEO Ben Van Beurten will step down next year, Reuters reports.

Shell CEO Ben van Beurden will step down from the oil and gas group next year, although the exact moment has yet to be determined. Reuters reports based on people inside the company. Shell already has a shortlist of four potential candidates next to the 64-year-old van Beurden.

Van Beurden spent his entire career at Shell. He has been heading the Oil & Gas Group since January 2014. He joined Shell in 1983. Under the Dutchman’s leadership, Shell bought British energy company PG Group in 2016 for $53 billion. This is Shell’s biggest acquisition yet. Several operations were sold by Shell to pay off debt.

From the ‘Royal Dutch’ to the British Company

Under Van Beurten’s leadership, Shell became a wholly British company. In November last year, Shell decided to move its headquarters to the United Kingdom to simplify the company’s structure. As a result, the group lost its royal title of Royal Dutch.

Also, Shell is focusing more on sustainable energy sources due to the energy transition. Shell aims to be completely carbon neutral by 2050. However, the company has been criticized by environmental groups for doing too little to reduce emissions. Last year, the Dutch environmental organization Milieudefence filed a lawsuit against Shell for not reducing emissions sufficiently.

successor

According to Reuters, Vale Savan is one of Van Buurden’s potential successors. Chavan now heads the group’s gas and renewable energy business. Finance director Sinead Gorman and Shell directors Huibert Vigeveno and Zoe Yujnovich have been mentioned as possible candidates for the top job.

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