Royal Dutch Shell Names New CEO

Royal Dutch Shell (NYSE: RDS-A  ) (NYSE: RDS-B  ) has selected Ben van Beurden, the company's downstream director, to take over the helm of the oil and gas company from current CEO Peter Voser, effective Jan. 1, the company's board of directors announced today.

Voser, will have been with Shell for 29 years when he leaves the company at the end of March, 2014. Van Beurden, 55, joined Shell in 1983. He has worked in the company's "upstream" segments, which are engaged in the exploration, recovery, and transportation of oil and natural gas, as well as Shell's "downstream" segment, which is responsible for the manufacturing, distribution, and marketing of its products. He's been downstream director since January.

"Van Beurden's selection came after a comprehensive assessment and review of internal and external candidates led by the Board Nomination and Succession Committee," board of directors Chairman Jorma Ollila said in the company's announcement.

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  • Report this Comment On July 10, 2013, at 6:39 PM, akalvesmaki wrote:

    Hey Dan,

    Thanks for an article on Royal Dutch Shell. I am also following the company, and have friends who work for Shell who are optimistic about the new CEO. I am very interested in how the company has been quietly working on developments with alternative fuels in South America. It is a company I watch in terms of global investment opportunities. Please keep articles coming on the company!

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