Shell names 30-year veteran Ben van Beurden as boss in surprise move
Shares in Shell jumped today as the oil giant announced that company veteran Ben van Beurden would succeed Peter Voser at the helm.
Van Beurden, who has been with the oil and gas group for 30 years and is currently its head of refining and marketing, had not been seen as a front-runner for the job. His appointment came as a surprise to the City, which had been focusing its attention on Marvin Odum, Shell’s head of exploration and production in the Americas, and Andy Brown, who runs most of the rest of exploration and production. However, the move was tentatively welcomed as it ends the uncertainty after the surprise resignation of Voser in May to pursue “a lifestyle change” following 29 years at Shell.
The shares rose 20.50p, or 1.1 per cent, to 2,149.50p.
Shell chairman Jorma Ollila said: “Ben has a deep knowledge of the industry and proven executive experience across a range of Shell businesses. He will continue to drive and further develop the strategic agenda that we have set out, to generate competitive returns for our shareholders.”
Van Beurden was given the job “after a comprehensive assessment and review of internal and external candidates,” he added.
Van Beurden joined Shell in 1983 and has held a variety of roles in the company, in both the upstream — exploration and production — and downstream, refining and marketing, parts of the group. He has worked in the Netherlands, Africa, Malaysia, the US and, most recently, the UK.
A Dutch national, 55-year-old Van Beurden is married with four children.
He will take up the reins at the beginning of next year, although Voser will not leave the group until the end of March.
- 1 Humans of New York image of crying gay teen receives best response from Ellen DeGeneres
- 2 What supermodels really think about posing in the nude
- 3 People all over the world are getting semicolon tattoos to draw attention to mental health
- 4 Black teen in critical condition after store employee 'shoots him for stealing 79-cent pack of cookies'
- 5 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
Humans of New York image of crying gay teen receives best response from Ellen DeGeneres
Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
North Korean defector flees to Finland 'with evidence of chemical testing on humans'
Isis schoolgirl Amira Abase who fled London to join terrorists in Syria mocks victims of Tunisia massacre
Father faces deportation to Thailand after 27 years in Britain for two 'stupid crimes'
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...