The new division, which combines Shell’s most profitable operations, will be headed by current upstream director Zoe Yujnovich
Sawan took office on Jan. 1 after heading Shell’s integrated gas division, which included the group’s LNG and renewables businesses, with a vow to simplify and improve the company’s operations.
Under the internal restructuring, renewables operations will be combined with Shell’s oil refining and marketing operations led by current downstream director Huibert Vigeveno, the company said. The overhaul will reduce the size of Shell’s executive committee to seven from nine members in an effort to “simplify the organization further and improve performance.”Shell last underwent a major overhaul in the wake of the coronavirus pandemic in 2020, in which then-CEO Ben van Beurden cut more than 10 per cent of the company’s workforce as part of his push to steer the company towards energy transition.
“Fewer interfaces mean greater cooperation, discipline and speed, enabling us to focus on strengthening performance across the businesses and generating strong returns for our investors,” Sawan said in the statement.Shell’s strategy calls for cuts to its greenhouse gas emissions and the building of a large low-carbon business.Data UpdateMore info
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