Shell plc announces changes to the Executive Committee

Executive Changes - Huibert Vigeveno, Downstream, Renewables and Energy Solutions Director, will step down effective 31 March 2025 after 30 years of service [1] - Wael Sawan, CEO, praised Vigeveno for his leadership in transforming Downstream, Renewables and Energy Solutions, and for successfully integrating BG [2] - Andrew Smith will be appointed Director, Trading and Supply, and Machteld de Haan will be appointed Director, Downstream, Renewables and Energy Solutions, both joining the Executive Committee from 1 April 2025 [2] New Appointments Background - Andrew Smith has been with Shell since 1986, holding various leadership roles including Executive Vice President, Trading and Supply, and leading Shell's LNG and Onshore Gas businesses in Australia [6] - Machteld de Haan joined Shell in 1998, with experience in Lubricants, Chemicals and Products, and was previously CEO of Pennzoil Quaker State Company [6] Company Strategy and Transformation - Shell continues to evolve its structure to deliver more value with less emissions, aligning with its ongoing transformation strategy [2] - The company's financial reporting segments remain unchanged: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate [6] Net Carbon Intensity and Emissions Targets - Shell's Net Carbon Intensity (NCI) includes emissions from production, suppliers, and customers, as well as emissions from energy products purchased for resale [9] - Shell's operating plans reflect Scope 1, Scope 2, and NCI targets for the next ten years but do not yet incorporate the 2050 net-zero emissions target due to its current planning period limitations [10][11]