Ben van Beurden to be Next Chief Executive Officer of Royal Dutch Shell plc
THE HAGUE, The Netherlands, July 9, 2013
THE HAGUE, The Netherlands, July 9, 2013 /PRNewswire/ --
The Board of Royal Dutch Shell plc (NYSE: RDS.A) (NYSE: RDS.B) today announced
that Ben van Beurden will succeed Peter Voser as Chief Executive Officer,
effective 1 January 2014.
Peter Voser will leave Shell at the end of March 2014, marking the end of 29
years with the Company.
Van Beurden, 55, has been Downstream Director since January 2013.
"I am delighted to announce Ben van Beurden as the next Chief Executive
Officer of Royal Dutch Shell," said Chairman Jorma Ollila. "Ben has deep
knowledge of the industry and proven executive experience across a range of
Shell businesses. Ben will continue to drive and further develop the strategic
agenda that we have set out, to generate competitive returns for our
"Van Beurden's selection came after a comprehensive assessment and review of
internal and external candidates led by the Board Nomination and Succession
Committee," Ollila added.
Van Beurden joined the Royal Dutch/Shell Group of Companies in 1983 and has
held a number of technical and commercial roles in both the Upstream and
Downstream businesses. He has worked in The Netherlands, Africa, Malaysia, USA
and, most recently, the UK.
Van Beurden, a Dutch national, graduated with a Master's Degree in Chemical
Engineering from Delft University of Technology, the Netherlands. He is
married and has four children.
Note to Editors
Ben van Beurden joined Shell in 1983, after graduating with a Master's Degree
in Chemical Engineering from Delft University of Technology, the Netherlands.
Ben's career in Shell spans both Upstream and Downstream activities. He has
held a number of operational and commercial roles, including some 10 years in
the LNG business, and a variety of positions in Downstream.
In January 2005, Ben became Vice President, Manufacturing Excellence, based in
Houston, USA. In this role he was responsible for standards in operational
excellence and high-performance initiatives in refining and chemicals
In December 2006, he was appointed Executive Vice President, Chemicals, based
in London, UK.
During his tenure in the role, Ben was appointed to the boards of a number of
leading industry associations including the International Council of Chemicals
Associations and the European Chemical Industry Council.
In January 2013, Ben was appointed Downstream Director and a member of Shell's
Executive Committee. He also has regional responsibility for Europe and
Ben is married to Stacey and has three daughters and a son. He enjoys reading,
running and travelling with his family.
The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this announcement "Shell", "Shell Group"
and "Royal Dutch Shell" are sometimes used for convenience where references
are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise,
the words "we", "us" and "our" are also used to refer to subsidiaries in
general or to those who work for them. These expressions are also used where
no useful purpose is served by identifying the particular company or
companies. "Subsidiaries", "Shell subsidiaries" and "Shell companies" as used
in this announcement refer to companies in which Shell either directly or
indirectly has control, by having either a majority of the voting rights or
the right to exercise a controlling influence. The companies in which Shell
has significant influence but not control are referred to as "associated
companies" or "associates" and companies in which Shell has joint control are
referred to as "jointly controlled entities". In this announcement, associates
and jointly controlled entities are also referred to as "equity-accounted
investments". The term "Shell interest" is used for convenience to indicate
the direct and/or indirect (for example, through our 23 per cent shareholding
in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture,
partnership or company, after exclusion of all third-party interest.
This announcement contains forward looking statements concerning the financial
condition, results of operations and businesses of Shell and the Shell Group.
All statements other than statements of historical fact are, or may be deemed
to be, forward-looking statements. Forward-looking statements are statements
of future expectations that are based on management's current expectations and
assumptions and involve known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially from those
expressed or implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of Shell and
the Shell Group to market risks and statements expressing management's
expectations, beliefs, estimates, forecasts, projections and assumptions.
These forward looking statements are identified by their use of terms and
phrases such as "anticipate", "believe", "could", "estimate", "expect",
"goals", "intend", "may", "objectives", "outlook", "plan", "probably",
"project", "risks", "seek", "should", "target", "will" and similar terms and
phrases. There are a number of factors that could affect the future operations
of Shell and the Shell Group and could cause those results to differ
materially from those expressed in the forward looking statements included in
this announcement, including (without limitation): (a) price fluctuations in
crude oil and natural gas; (b) changes in demand for Shell's products; (c)
currency fluctuations; (d) drilling and production results; (e) reserves
estimates; (f) loss of market share and industry competition; (g)
environmental and physical risks; (h) risks associated with the identification
of suitable potential acquisition properties and targets, and successful
negotiation and completion of such transactions; (i) the risk of doing
business in developing countries and countries subject to international
sanctions; (j) legislative, fiscal and regulatory developments including
regulatory measures addressing climate change; (k) economic and financial
market conditions in various countries and regions; (l) political risks,
including the risks of expropriation and renegotiation of the terms of
contracts with governmental entities, delays or advancements in the approval
of projects and delays in the reimbursement for shared costs; and (m) changes
in trading conditions. All forward looking statements contained in this
announcement are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Readers should not place
undue reliance on forward looking statements. Additional factors that may
affect future results are contained in Shell's 20-F for the year ended 31
December 2012 (available at http://www.shell.com/investor and
http://www.sec.gov). These factors also should be considered by the reader.
Each forward looking statement speaks only as of the date of this
announcement, 9 July 2013. Neither Shell nor any of its subsidiaries nor the
Shell Group undertake any obligation to publicly update or revise any forward
looking statement as a result of new information, future events or other
information. In light of these risks, results could differ materially from
those stated, implied or inferred from the forward looking statements
contained in this announcement.
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SOURCE Royal Dutch Shell plc
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