Shell PLC said Monday that it will reduce its executive committee from nine to seven members to further simplify the organization and improve performance.
The London-based energy giant SHEL,
The strategy, sustainability and corporate relations directorate will be discontinued and its Director Ed Daniels will step down. Strategy will be brought together with new business development and, alongside sustainability, report to Chief Financial Officer Sinead Gorman.
Chief Executive Wael Sawan said the changes will enable the company to focus on strengthening performance and generating stronger returns for investors.
The changes–expected to take effect on July 1–won’t affect the financial reporting segments, which will remain integrated gas, upstream, marketing, chemicals and products, renewables and energy solutions, and corporate, Shell said.
Write to Kyle Morris at firstname.lastname@example.org