Van Beurden steps down as Shell CEO, renewables boss Wael Sawan takes charge
After ten years of leadership, Ben van Beurden will step down at the end of year as CEO of the global energy company.
Shell announced that Ben van Beurden will step down as CEO at the end of 2022 after a decade leading the global company. Wael Sawan, currently Shell’s director of integrated gas, renewables and energy solutions, will become its next chief executive on January 1.
A dual Lebanese-Canadian national, Sawan has held roles in downstream retail and various commercial projects during his 25-year career at Shell.
“Wael Sawan is an exceptional leader, with all the qualities needed to drive Shell safely and profitably through its next phase of transition and growth. His track record of commercial, operational and transformational success reflects not only his broad, deep experience and understanding of Shell and the energy sector, but also his strategic clarity,” said Shell’s Chair, Sir Andrew
“I’m looking forward to channelling the pioneering spirit and passion of our incredible people to rise to the immense challenges, and grasp the opportunities presented by the energy transition. We will be disciplined and value focused, as we work with our customers and partners to deliver the reliable, affordable and cleaner energy the world needs,” said Wael Sawan.
Van Beurden, 64, went from LNG design engineer to CEO in a career at Shell that spanned nearly 40 years. Under his leadership, the company carried out the $53 billion purchase of rival BG Group in 2016, faced a historical global energy demand drop through the pandemic and started redirecting its efforts to become a multi-energy player.
“It has been a privilege and an honour to have served Shell for nearly four decades and to lead the company for the past nine years,” said Ben van Beurden.
Shell said van Beurden would continue to work as an advisor to the Board through to June 30 next year, after which he will leave the company.
