Shell announced on 5 September that Ben van Beurden will step down as CEO at the end of 2022 and that his successor will be Wael Sawan. Wael's appointment will take effect on January 1, 2023*, when he will also join Shell's Board of Directors. Ben van Beurden will continue to serve as an advisor to the Board until June 30, 2023, after which he will leave the group.

Shell Chairman Sir Andrew Mackenzie said: “Wael Sawan is an exceptional leader with all the qualities necessary to lead Shell safely and profitably into its next phase of transition and growth. His track record of commercial, operational and transformational success reflects not only his broad and deep experience and understanding of Shell and the energy sector, but also his strategic clarity. He combines these qualities with a passion for people, which allows him to bring out the best in those around him. The outcome of the Board's managed succession process resulted in the appointment of an outstanding CEO and proved the strength and depth of Shell's leadership talent. I look forward to working with Wael as we accelerate the delivery of our strategy.”

Wael Sawan said: “It has been a privilege to work alongside Ben and I am honored to take on the leadership of this great company of his. I look forward to channeling the pioneering spirit and passion of our incredible people to tackle the immense challenges and opportunities presented by the energy transition. We will be disciplined and value-focused as we work with our customers and partners to provide the reliable, affordable and clean energy the world needs.”