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Shell To Restructure, Merge Three Units

Dow Jones NewsPlus – Global

By JAMES HERRON 

Of DOW JONES NEWSWIRES 

LONDON — Royal Dutch Shell PLC (RDSB.LN) said Wednesday it will launch a major company restructuring, merging its exploration and production, gas and power and oil sands units into two new divisions as new Chief Executive Peter Voser puts his stamp on the company.

Shell’s current global head of exploration and production, Malcolm Brinded, will head up the larger of the new divisions, called Upstream International. Marvin Odum, currently Shell’s Executive Vice President for Exploration and Production Americas, will become director of Upstream Americas.

The reorganization will affect around 24,000 Shell staff. A Shell spokesman declined to comment on how many jobs may be cut. Shell critic John Donovan reported on his blog Tuesday that more than 30% of senior executives at the two divisions could be culled.

At 0820 GMT Shell B shares were down 0.5%, or 8 pence, at 1655p in a fairly flat London market.

Company Web site: www.royaldutchshellplc.com

—By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected]

SOURCE ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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