THE WALL STREET JOURNAL
MAY 27, 2009, 4:09 A.M. ET
LONDON (Dow Jones)–Royal Dutch Shell plc Wednesday announced a series of changes to senior management roles and responsibilities, aimed at sharper focus on operating performance and technology, effective July 1
MAIN FACTS:
-Upstream will now consist of two businesses: Upstream Americas covering North and South America, and Upstream International covering the rest of the world.
-Marvin Odum, currently Shell’s Executive Vice President for EP Americas, will become Director for Upstream Americas.
-Malcolm Brinded, currently Shell’s Executive Director Exploration & Production, will become Executive Director of Upstream International.
-There will also be changes in Downstream.
-In addition to the Refining, Marketing and Chemicals businesses, the Downstream portfolio will be expanded to include Trading and Alternative Energy activities in Shell, excluding Wind, which will be part of Upstream.
-Downstream will continue to be led by Mark Williams as Director.
-A new business – Projects & Technology – will combine all of Shell’s major project delivery, technical services and technology capability covering both upstream and downstream.
-It will also oversee Shell’s safety and environment performance.
-Matthias Bichsel, who is currently Shell’s Executive Vice President for Exploration & Production Technology, will be the Director of this business.
-Corporate functions will be refocused, with activities reallocated directly into the businesses, or consolidated into the portfolios of the Chief Financial Officer, Simon Henry, and the Human Resources Director (to be re-titled Chief Human Resources & Corporate Officer), Hugh Mitchell.
-Beat Hess continues as General Council, and completes the re-shaped Executive Committee.
-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; [email protected]
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