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Shell to restructure under new CEO

Reuters

LONDON, May 27 (Reuters) – Royal Dutch Shell Plc’s (RDSa.L) incoming Chief Executive Peter Voser plans to restructure the oil major’s operations to improve project delivery and cut costs, the group said on Wednesday.

Shell said its core oil and gas production business would be divided between American and non-American units and a new division would be created to manage the construction of new projects.

Malcolm Brinded, currently head of the core exploration and production unit, will lose his responsibility for project delivery and for North and South American upstream operations but will take charge of most of Shell’s liquefied natural gas business.

(Reporting by Tom Bergin; Editing by David Holmes)

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