Ben van Beurden, Shell’s current CEO, will retire at the end of 2022, the company stated on Thursday. A new CEO will take over on January 1, 2023. Since January 1, 2014, Ben van Beurden has served as CEO of Shell.
Until June 30, 2023, he will serve as the board’s adviser. Thereafter, he will resign from the organization. Wael Sawan, who will also join Shell’s board of directors, will succeed Van Beurden. Director of Integrated Gas, Renewables, and Energy Solutions at Shell at the moment is Sawan.
He leaves behind a financially sound and successful business with a strong balance sheet, excellent cash flow generating capacity, and an attractive range of expansion prospects. The success of Shell will be framed by Ben’s legacy for many years to come, according to Wood Mackenzie analysts. His entire compensation for 2021, according to Shell’s annual reports and accounts document, was $8.14 million (EUR 7.38 million).